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Tracy Shuchart: Chinese refiner reports strong platinum demand from new contract

Tracy Shuchart: Chinese refiner reports strong platinum demand from new contract
Chinese refiner sees robust platinum demand

Tracy Shuchart, independent trader and strategist at Independent / Trader, reports that a major Chinese metals refiner is experiencing robust demand for platinum due to a new local futures contract.

The surge in demand for platinum highlights how the contract is attracting increased volumes of the precious metal into China, according to Shuchart.

Shuchart previously highlighted that Exxon and Chevron both exceeded analyst estimates for first quarter adjusted earnings per share. She was also scheduled to discuss market trends with NTLiveMedia at 8:30 a.m. ET, featuring a special guest. Her recent updates continue to track major developments in commodities and energy markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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