Risk Disclaimer: The example below is for illustrative purposes only and is based on price movements derived from Contracts for Difference (CFDs). The calculations reflect hypothetical outcomes using historical or specified price data for the relevant instrument on the stated date and are not indicative of future performance. Any reliance placed on this material is strictly at the user’s own risk.
Weekly Special Report: Platinum
PLATINUM USE AND MARKET SHARE
- PLATINUM has been a key element in auto catalysts for over forty years, especially for diesel engines, and is increasingly vital in hydrogen fuel cells. The automotive sector is its largest consumer, accounting for about 40% of annual demand.
- MARKET SHARE (CONSUMERS): China is the world's largest platinum consumer, with 34%, while Europe holds 22%, and North America holds 16% of the platinum consumed worldwide.
GEOPOLITICS: U.S.A. - CHINA SUMMIT
- EVENT (MAY 14 - MAY 15): U.S. PRESIDENT TRUMP WILL VISIT CHINA AND MEET PRESIDENT XI. The rare in-person meeting, already once delayed due to the U.S.–Israel conflict with Iran, is now scheduled for May 14–15, according to the White House. Markets will closely watch the upcoming summit between U.S. President Trump and Chinese President Xi, as it could help further de-escalate trade tensions.
- THE SUMMIT’S FOCUS IS EXPECTED TO BE ON EXTENDING THE CURRENT TRADE TRUCE, EXPLORING POSSIBLE TARIFF RELIEF, AND ENGAGING IN BROADER TRADE DISCUSSIONS. A positive outcome, particularly any indication that tariffs will not be increased or that the existing truce will be extended, could support platinum prices by improving expectations for Chinese manufacturing, automotive demand, and broader industrial activity.
- GLOBAL PLATINUM DEMAND IS FORECAST AT AROUND 7.62 MILLION OUNCES IN 2026, WHILE THE MARKET IS STILL EXPECTED TO REMAIN IN A DEFICIT OF AROUND 240,000 OUNCES, according to the World Platinum Investment Council. This means that any improvement in China’s industrial outlook or trade conditions could matter for platinum prices, as the market has limited room to absorb stronger demand.
- CHINA REMAINS A KEY DRIVER OF PLATINUM DEMAND. The country imported around 104 tons of platinum in 2024, while April 2025 imports reached 11.5 tons, or around 371 koz, the highest monthly level in a year. Although WPIC expects China’s platinum jewelry fabrication to fall after a very strong 2025, physical investment demand remains strong, with bar and coin demand forecast to rise by up to 15% in 2026. Bloomberg also reported strong physical demand linked to China’s new local futures contract, which could keep platinum supply tight.
EVENTS:
- MONDAY, MAY 18 AT 03:00 GMT+1: CHINA INDUSTRIAL PRODUCTION (APRIL). Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. A stronger-than-expected reading would confirm growth in China’s manufacturing and automotive sectors, likely supporting platinum prices through increased demand for catalytic converters and industrial applications. (Previous: +5.7%)
TECHNICAL ANALYSIS
- SHORT -TERM TREND IS UP. Since December 2025, the platinum price has rebounded several times from the strong support area. In mid-March this year, another rebound occurred, and since then, the price has remained in an uptrend (green trendline).
- SUPPORT AREA: $1700 – $1800. This zone represents its next support area for Platinum prices.
- PRICE ACTION: Platinum price hit an all-time high of $2,920 (January 26, 2026). Platinum price currently trades at around $2,130, and if a full recovery takes place, then platinum prices could see an upside of around 37%. However, it could also decline.

GRAPH (Daily): October 2025 - May 2026
Please note that past performance does not guarantee future results
Platinum, May 13, 2026
Current Price: 2,130
Example of calculation based on weekly market trend for 1.00 Lot1
|
PLATINUM
|
|
Pivot Points
|
Resistance 3
|
Resistance 2
|
Resistance 1
|
Support 1
|
Support 2
|
Support 3
|
|
Profit or loss in $
|
57,000
|
37,000
|
17,000
|
-13,000
|
-18,000
|
-23,000
|
|
Profit or loss in €²
|
48,686
|
31,603
|
14,520
|
-11,104
|
-15,375
|
-19,645
|
|
Profit or loss in £²
|
42,136
|
27,352
|
12,567
|
-9,610
|
-13,306
|
-17,002
|
|
Profit or loss in C$²
|
78,112
|
50,704
|
23,296
|
-17,815
|
-24,667
|
-31,519
|
- The above calculations are made based on 1.00 lot which is equivalent of 100 units
- Calculations for exchange rate used as of 9:45 (GMT+1) 13/05/2026.
You can use risk management tools such as Stop-Loss and Take-Profit.