this year, despite the high price of platinum World Steel Pipe News , platinum jewelry industry demand is expected to increase by 1.1 tons to 52.4 tons. Insiders pointed out that manufacturers, retailers and consumers are beginning to adapt to higher price levels.
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study said, strong automobile exhaust purification catalyst of platinum demand, coupled with industrial areas such as glass manufacturing and petroleum refining of platinum demand increase, are pushing high platinum and gold's demand to levels before the occurrence of the global economic crisis of 2007 seen in a new high.
the evening of 15 by theglobal well-known Johnson Matthey Platinum 2011 interim Yearbook pointed out that the 2011 global platinum market to pick up signs of obvious, is not only an increase in supply, total demand is also expected to increased to 251.3 tons, close to the level before the recession.
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platinum demand also hit the highest level in two years World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor . The data show that the global jewelery industry, the total demand for platinum is expected to increase by 2 percent, reaching 76.7 tons. Market participants believe that this was mainly due to the purchasing power of China, the world's largest platinum jewelery market to improve the results.
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in Japan and North American markets, the jewelry industry to remain strong demand for platinum. Especially in Japan, in March 2011 earthquake and tsunami, the number of marriages increased, prompting increased sales of platinum wedding rings and engagement ring. In the European market due to high prices and economic uncertainty, European jewelry industry, the total demand for platinum is expected to be reduced by 0.3 tons to 5.1 tons.
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