---
title: "Platinum prices fall amid macro and commodity pressures"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287103175.md"
description: "Platinum prices are currently near $1880–$1900, facing pressure from macroeconomic factors and significant losses in palladium. Metals Focus predicts a fourth consecutive annual deficit in 2026, with average prices expected to reach $2,190 per ounce due to tight supply. Additionally, WPIC forecasts a 9% decline in demand for 2026, with investment demand halving and a 40% drop in Chinese jewellery purchases."
datetime: "2026-05-20T18:03:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287103175.md)
  - [en](https://longbridge.com/en/news/287103175.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287103175.md)
---

# Platinum prices fall amid macro and commodity pressures

Sliding toward support: Platinum is trading near $1880–$1900 support after breaking lower earlier in May, pressured by macro headwinds and palladium’s steep losses. Deficit outlook: Metals Focus forecasts a fourth consecutive annual platinum deficit in 2026, with prices averaging $2,190 per ounce on tight supply. Demand slowdown: WPIC expects 2026 demand to fall 9%, with investment demand more than halving and Chinese jewellery purchases plunging over 40%.

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