Platinum ETF holdings hit all-time high

New York (March 27)  Holdings of platinum by exchange-traded funds have hit a record high but prices are not rising much, said Commerzbank in a snippet.

 Analysts cite Bloomberg data showing that platinum ETFs posted inflows of 92,000 ounces Monday.

“Platinum ETFs have thus registered inflows of 220,000 ounces since the start of last week and of 600,000 ounces since the beginning of the year,” said Commerzbank.

“Yesterday’s inflow has put holdings at a record high, yet the platinum price has hardly reacted at all in recent months. Apparently the inflows are not being regarded as a sign of robust demand. Instead, it seems as if surplus material is being merely parked in the ETFs at present,” Commerzbank added.

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