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see also:
Platinum Futures Trading, Market
Ticker Symbol: PL
Exchange: NYMEX
Hours of Trading: 8:20 Am until 1:05 Eastern Standard Time
Unit/Contract Size: 50 troy ounces
Price Quote: per troy ounce
Min. Price Change: $0.10 per ounce or $5.00 per contract
Months of Trading: Jan, Apr, July & Oct
Last Trading Day: On the delivery month, at the close of business
on the third business day
Platinum as a precious metal (belonging to the platinum metal group)
is generally at the highest price of any traded precious metal,
usually exceeding gold. Its pricing can be volatile, at times
trading more than two thousand dollars per ounce, with mining
reserves that are scarce and occur in only a few parts of the world.
Always
seek an investment advisor before investing.
Factors of Platinum Futures Trading
Given the scarcity
and expense of the metal, demand is tied with products for which there
is no practical substitute.
Any mining supply related problems from its dominant suppliers
like with the South Africa interruptions in 2008 can have impacts
on trading. Certainly with South Africa since it, by far it to
the date of this writing, produces the bulk of all world production.
Demand for jewelry help define the trading market as do other
industrial goods in the medical and dental fields and for electrical
components. The cycle of production of automobiles, given its makeup
in catalytic converters, crude oil prices, and the need for high
octane gas can also figure.
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