Sylvania Platinum Share Discussion Threads

[martinfrench] 17/8/2021 20:56

i'm pretty sure rhodium is just fixed a few times a day, like the old open outcry commods mkts used to (and some still do), for about 30 mins or so

[freddie ferret] 17/8/2021 14:23

Hong Kong London New York
08:30 14:00 09:00 09:30
Mon 2nd 18500 18500 18500 18600
Tue 3rd 18900 18900 18900 18900
Wed 4th 18900 19000 19000 19000
Thu 5th 19000 19000 19000 19000
Fri 6th 19000 19000 19000 19000
Mon 9th 19000 19000 19000 19000
Tue 10th 19000 19000 19000 19000
Wed 11st 19000 19000 19000 19000
Thu 12nd 19000 19000 19000 19000
Fri 13rd 19000 19000 19000 19000
Mon 16th 19000 19000 19000 19000
Tue 17th 19000 19000 19000 -

[freddie ferret] 17/8/2021 13:26

johnhemming.

You are coming across as a bit of an idiot.
There is no "market" for Rh, all trading is done on individual deals and negotiation however some of the larger middle men post up prices. These prices are their prices and as such they may reflect their bid price, their offer price, or their mid price. They will also reflect the market conditions in the part of the world that they operate in; it takes twelve hours to move metal from one side of the world to the other.

I am not a fan of Kitco, take a look at their charts, they are all over the place when you look over various time periods, with lumps cut out when they seem to have lost their datastream.

Metals Daily is OK however if you want prices at different times of the day round the world and you want a charting function thet works albeit with it defaulting back to Pt when you change the time frame then JMM is the only option that I have found that works.

Incidentally whatever you choose the price of Rh to be, it has been stuck at the same price for well over a week now, no ups downs, collapses or meterioric rises.

ie stability.

[stemis] 17/8/2021 09:43

Must be doing $30m ebitda a qtr at these prices which, with $120m in the bank by end Q1, values the company at ~2 x ebitda

[allonblack] 17/8/2021 09:22

Feels to me like the base is in for platinum. Could be on for a run into next year.

[plat hunter] 16/8/2021 15:38

Indeed froggy... Get some gold and good luck too

[frogkid] 16/8/2021 13:25

Strange times my friend, good luck plattyFrog

[johnhemming] 16/8/2021 13:16

Thanks for those. They are the same figures as Kitco's buy and sell price for their metal accounts. It does give an idea of a mid price at USD19.2K

[plat hunter] 16/8/2021 12:59

Spot prices courtesy of KitcoHttps://www.kitco.com/market/

[johnhemming] 16/8/2021 12:46

@dougmachin

Thanks for that. What Kitco do is they buy and sell Rh bullion and have a price to buy and a price to sell. What I have not been able to find is something like an open market price. I am not sure from the above what the other prices are the Johnson Matthey prices are their own prices.

Liberium (the house broker) earlier this year were suggesting that 2021 would have a Rhodium deficit. Others in the business say this year is in surplus. Liberium argued in January that the prices would continue at USD20K and might go as high as USD100K and say that an SLP share price of £1.40 equates to a Rhodium price of USD4K.

[dougmachin] 16/8/2021 12:26

I like this site for prices:



Can see HKG, NYC, LON prices.

Change the tab at the top for all our lovely metals.

Certainly looking for more, just want to time it better than normal !!

[dougmachin] 16/8/2021 12:19

From TMI this week... copied verbatim, taking no credit, can remove if necessary, but this is below TMI's Portfolio purchase price, so I reckon they'd be happy with any wider exposure:

"(Momentum Investor) A solid Q4 to finish the year with production just over guidance of 70,000 oz. Recent concerns from riots in South Africa have been misplaced with no disruption to production. However, EBITDA of US$28.7m was 5% below Liberum’s forecast due to lower rhodium prices, while cost inflation was 20% in Rand terms, half of which came from temporary weakness in grade and recovery rates and half from mining inflation. That grade weakness was due to the closure of host Semancor’s chrome mine, during the pandemic, forcing Sylvania to use lower grade stockpiled waste material. Analysts expect the re-commencement of Semancor’s chrome operations next year to see this weakness reverse.
In spite of the commodity price weakness, Liberum forecasts pretax profit to increase from US$55.9m to US$144.4m in FY’21 for eps of 40 cents (28.8p), for a prospective PE of just 3.5. Stripping out net cash of US$101m (26% of market cap at 101p) drops it to 2.6x! Liberum’s target price is 195p. I am a buyer."

[johnhemming] 16/8/2021 12:01

XTrackers Rhodium is a further 5%+ down. Looking at the previous price spikes it could return perhaps to a running USD2K-3K.

I wonder where that would put SLP?

Actually looking at the more recent charts perhaps USD5K is a fall back price now.

[frogkid] 16/8/2021 11:53

Thought you were buying at 15p platty

[plat hunter] 16/8/2021 09:54

JLP complete breakdown, perhaps the reality of retained earnings over capex starting to hit home. Stay safe, stay silvie

[johnhemming] 15/8/2021 12:34

That has 6274.79 GBP/Oz at a USD rate of 1.3863 that is 8,698.74 USD/Oz which leaves me still confused.

I do think I understand how the Oil/Gas Market works and Copper and Gold (although not in minute detail). However, I don't feel comfortable that I understand what is going on here.

Amplats are saying this year could see an Rh Surplus, but next year should be in deficit. That points to volatility.


I have found the KID for GB00B684MW17 which is the XTrackers USD Rhodium which owns physical rhodium. Each unit is 1/10 of a Troy Ounce. The current price is 1,540.50 which would be equilent to USD15K ish.

Hence most of the "prices" people are quoting are of this order of magnitude.

I think the XTrackers chart does follow the price even if it is slightly lower because of the security.

This is an interesting page:

[meanreverter] 15/8/2021 11:15

I use Metals Daily for all precious-metal prices and news. The PGM page is

[johnhemming] 14/8/2021 20:20

This is why I quoted my source. I do not claim to be up to speed on pricing for Rhodium.

I can see a figure here:


Rhodium Price per Ounce $17,050.00

There is also Kitco


Which appears to be USD1K higher.

It may not be a big enough market to have a clear and precise single global price.

[freddie ferret] 14/8/2021 19:16

July JMM prices.

Thu 1st - - 19900 19700
Fri 2nd 19500 19500 19000 19000
Mon 5th 19000 19000 19000 18900
Tue 6th 18900 18900 18900 18900
Wed 7th 18900 18900 18700 18300
Thu 8th 18300 18300 18000 17600
Fri 9th 17600 17600 17500 17500
Mon 12nd 17500 17850 17900 18500
Tue 13rd 19100 19200 19300 19600
Wed 14th 19600 19700 19700 19700
Thu 15th 19700 19700 19700 19700
Fri 16th 19700 19700 19700 19400
Mon 19th 19300 19300 19100 18800
Tue 20th 18700 18700 18700 18700
Wed 21st 18700 18700 18700 18700
Thu 22nd 18700 18700 18700 18600
Fri 23rd 18600 18600 18400 18400
Mon 26th 18400 18400 18400 18400
Tue 27th 18400 18400 18400 18400
Wed 28th 18400 18400 18400 18400
Thu 29th 18400 18400 18400 18400
Fri 30th 18400 18400 18400 18500


August JMM prices.

Mon 2nd 18500 18500 18500 18600
Tue 3rd 18900 18900 18900 18900
Wed 4th 18900 19000 19000 19000
Thu 5th 19000 19000 19000 19000
Fri 6th 19000 19000 19000 19000
Mon 9th 19000 19000 19000 19000
Tue 10th 19000 19000 19000 19000
Wed 11st 19000 19000 19000 19000
Thu 12nd 19000 19000 19000 19000
Fri 13rd 19000 19000 19000 19000

[johnhemming] 14/8/2021 19:01

I am using tradingview to track the rhodium price using this security code


I do this because I can put all my tracking things on commodities, currencies, market indices etc onto a single watchlist.

I then run that into some charting analysis and that IMO points to Rhodium on a gentle decline. (which is why I sold my last SLP at 101 a few weeks ago). I am not inclined to short term trading as I do lots of other things and don't spend all my time watching the market. Hence there will be ups and downs that I won't really follow.

However on the Rhodium price alone I would not expect it to go anywhere as to now.

However, I may be wrong. This was one of my smaller holdings and the smaller the holding the less research I do.

If it drops below 90p I may buy back in. I do think it is definitely worth something in this range to say perhaps 1.20. However, I like to own discounted stocks or ones paying a good yield.

[freddie ferret] 14/8/2021 17:33

Stability in the Rh market.
JLP weakening from its overbought position.
THA has bounced a bit.

Charts of all the PMG tailings processors look weak to me.
The one good thing is the stability in Rh and Ru.

[plat hunter] 12/8/2021 13:57

Https://www.tradingview.com/x/n8rWvoNmLooking good to beyond 110 to me, let's see where we are on the next doji

[plat hunter] 12/8/2021 13:52

Creeping in the right direction