Precious Metals Plate Rose, Platinum Additives Prices Have Been Increased

Global Silicone Network News on July 31:

Recently, precious metal family assets have blossomed. International prices of gold, silver, palladium, and platinum have hit new highs, driving the price of related assets to rise. The price of gold has climbed to a record high, at $1,944 per ounce, driving the domestic platinum price to rise all the way! The rise in platinum has set off a wave of price increases in silica gel additives. The closing price of platinum on July 28 was 425.2 yuan per gram, and the data showed that it would be close to the historical high of platinum prices in four years. South African platinum mining company Anglo American Platinum released its mid-2020 financial report on July 27, predicting that the platinum market will enter a shortage this year!

Platinum closed at 425.2 yuan per gram on July 28, near a four-year high of 436 yuan per gram, according to the latest price update on the Gold Exchange.

At present, platinum is in the rising stage, and the demand for platinum is good in the long-term. The potential of rare and expensive platinum is expected! For the silicone industry, platinum, as one of the raw materials for platinum catalysts, also affects the cost of platinum catalysts! A number of silica gel platinum additives manufacturers said that due to cost pressure, the price of platinum additives rose slightly and orders increased significantly.