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: WAR IN THE MIDDLE EAST

• BREAKING (MONDAY, APRIL 13 AT 15:00 GMT+1): U.S. NAVY BEGAN BLOCKADING THE HORMUZ STRAIT AND IRANIAN PORTS IN THE PERSIAN GULF. The U.S. is blockading Iranian ports in the Persian Gulf in an attempt to choke the nation’s economy, which is heavily reliant on oil exports. The U.S. military's Central Command said the blockade would be "enforced impartially against vessels of all nations" entering or leaving Iranian ports in the Gulf and Gulf of Oman.
• BREAKING (APRIL 11): PEACE TALKS BETWEEN THE U.S AND IRAN IN ISLAMABAD (PAKISTAN) ENDED WITH NO DEAL. The U.S. delegation, led by Vice President JD Vance, met with Iranian and Pakistani negotiators for more than 21 hours during the rare face-to-face summit. Peace talks hosted by Pakistan broke down over what the U.S. described as Iran’s unwillingness to give up its efforts to obtain a nuclear weapon. Tehran’s demands include control of the Strait of Hormuz, payment of war reparations and a ceasefire across the region.

EVENTS:

• THURSDAY, APRIL 16 AT 3:00 GMT+1: CHINA INDUSTRIAL PRODUCTION (MARCH). The indicator measures the year-over-year change in output from factories, mines, and utilities, reflecting the strength of China’s industrial sector. China’s industrial production rose by 6.3% in February, exceeding analysts’ forecasts of 5.3% and January’s 5.2%.
• THURSDAY, APRIL 16 AT 3:00 GMT+1: CHINA GROSS DOMESTIC PRODUCT (GDP) (Q1). The indicator measures the year-over-year growth in the total value of goods and services produced in China, providing a broad view of economic performance. In Q4, China’s GDP came in at 4.5%, below Q3’s rate of 4.8%.
• THURSDAY, APRIL 16 AT 13:30 GMT+1: U.S. WEEKLY INITIAL JOBLESS CLAIMS. The weekly U.S. report that shows how many people filed for jobless claims for the first time will be released this Thursday (April 16) at 13:30 GMT+1. If the data shows an increase in first-time jobless claims, the U.S. dollar could come under negative pressure, potentially supporting platinum prices.
• THURSDAY, APRIL 16 AT 13:30 GMT+1: U.S. PHILADELPHIA FED MANUFACTURING INDEX (APRIL). This survey reflects business conditions in the manufacturing sector, including new orders, employment, and overall activity. A weaker than expected reading would point to slowing economic activity, increasing expectations of Fed rate cuts, typically supporting platinum prices.

TECHNICAL ANALYSIS:

• WEEKLY MOVING AVERAGES CONFIRM UPTREND: Price continues to trade well above 50- and 100-week moving averages, confirming mid-term uptrend.
• UPTREND STRUCTURE REMAINS IN PLACE: Price action is firmly supported by the upward-sloping trend line (black), which has acted as a reliable dynamic support since May 2025.
• PRICE ACTION: Platinum price hit an all-time high of $2,920 (January 26, 2026). Platinum price currently trades at around $2,090, and if a full recovery takes place, then platinum prices could see an upside of around 40%. However, it could also decline.

GRAPH (Weekly): February 2023 - April 2026

Please note that past performance does not guarantee future results

Platinum, April 14, 2026
Current Price:   2,090

Example of calculation based on weekly market trend for 1.00 Lot¹

1.  The above calculations are made based on 1.00 lot which is equivalent of 100 units
2.  Calculations for exchange rate used as of 08:45 (GMT+1) 14/04/2026

You can use risk management tools such as Stop-Loss and Take-Profit.