We invite you to summarize how the quotations of precious metals presented their application in car catalysts. We will take platinum, palladium and rhodium under the microscope.
There has been a lot going on in the precious metal market lately. This resulted in changes in the price list of used catalysts, the value of which depends on the current quotations. We have recently informed you that the list of TOP 10 most expensive catalysts has changed significantly. The first three items included catalysts from Mercedes, which until recently were not on the list at all.
There was also a lot going on last week.
Platinum grew stronger until Wednesday. It started at USD 819 / ounce, which after the weekend increased by less than two dollars. Later, the increase was much more determined. On Tuesday, there was already USD 835 / ounce, and a day later, an ounce cost less than $ 845. A week could be considered successful if it was not for Thursday, which meant that we could forget about the previous increases. The price dropped to $ 825 an ounce. Later, we had to deal with an increase to 832 dollars, but I think that nobody was satisfied with such a result. The difference between the maximum week and the minimum is around $ 40 / ounce, while the average exchange rate is $ 829 / ounce. This is less than the average of the whole month. So we have a clear downward trend.
It is quite different in the case of palladium. This week, in turn, gained in value, causing that this week brought us much better news than the previous one, which we analyzed. Already on Monday, we recorded a large jump of $ 25 per ounce. The Monday ounce price was almost $ 1,966. Then there was a small period of stagnation, when the price only increased by almost 1 dollar. In return, Wednesday caused another smile, because the ounce rose to 1513 USD, and if it was not enough, it went up slowly, ending with the value of 1 523,80, which it reached on 15 March. Maybe palladium has not exceeded its record, which at the moment is 1 525,35 from 19 February this year, but we strongly believe that it will soon be successful and we will notice an even more surprising record.
Also in relation to the family, we were not disappointed last week. We can even talk about a kind of breakthrough, because the ounce of the family after many years reached the magical value of $ 3,000. The largest upward trend occurred at the beginning of the week. Later on, 11/03 and 12/03, the metal reached stagnation, but after leaving it, we managed to wait for a long-time dream goal. We are waiting for more.
Gold with considerable fluctuations during the week. His quotations could be described using the scheme: decrease – increase – decrease – increase. The maximum value it has reached an ounce of gold is $ 1,311.55. The minimum in turn is 1 285.75. The difference is therefore almost $ 26. The average exchange rate was USD 1,300 / ounce. However, looking at the average quotations from recent months, we can confidently say that gold is climbing up.
An identical quotation scheme can be observed in the case of silver. The increase took place on Tuesday and Wednesday. The maximum value of silver we could count on was USD 15.55 per ounce, while the smallest on the next day, when the ounce was worth USD 15.19.
We invite you for further analysis of precious metal rates. Current prices can be found in our „Exchange rates” tab.
On our website you will also always find a current price list of used catalysts.