The background of the recent price adjustment is mainly the lack of electricity in South Africa, resulting in a global reduction in platinum production.

Since more than three-quarters of the world's platinum is produced in South Africa, and the news that the power crisis in South Africa may last for several years makes the market worry that the shortage of platinum supply will intensify, international automobile manufacturers (production demand), jewelers and platinum end users including investors such as banks and listed trading funds have bought in large quantities. the New York Mercantile Exchange platinum futures hit a record high for 12 consecutive trading days, and closed above $2,000 last Friday. By the end of last week, the highest price of platinum raw materials reached 474. 15 yuan per gram, and the price increase of platinum was "natural".

Unlike gold, platinum has no financial attributes, and is mainly used in industry and jewelry processing, so it shows more commodity attributes, and the change of supply and demand has a great influence on the price. In other words, if the situation in South Africa improves, the price of platinum may be lowered at any time, and consumers who want to buy it may wish to wait. In addition, platinum jewelry lacks recycling channels and the circulation mechanism is not perfect, so it has no investment value at present.