Demand falls
By Zhang Fengming |
May 18, 2011, Wednesday
|
Print Edition
Print Edition
CHINESE demand for platinum jewelry fell to 51.3 tons in 2010, down 21 percent from a record year of 2009, specialty chemicals company Johnson Matthey said in a report.
A combination of higher metal prices, adequate levels of manufacturers' stock and a greater focus on producing gold jewelry contributed to the decline in 2010.
However, demand in China was robust, compared with historical levels. Purchases of platinum were substantially higher than in 2008 when platinum traded at similar price levels to 2010, according to the report.
A combination of higher metal prices, adequate levels of manufacturers' stock and a greater focus on producing gold jewelry contributed to the decline in 2010.
However, demand in China was robust, compared with historical levels. Purchases of platinum were substantially higher than in 2008 when platinum traded at similar price levels to 2010, according to the report.
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