NYMEX Palladium Inventory
Physical palladium stocks in NYMEX-approved warehouses
Delivery Notices
Daily Delivery History
What Is NYMEX Palladium Inventory?
NYMEX palladium inventory represents the total physical palladium stored in CME Group-approved depositories. Palladium is one of the rarest precious metals, with over 80% of supply coming from Russia and South Africa. The inventory is divided into registered (warranted for delivery) and eligible (meets standards but not warranted) categories.
Why Palladium Inventory Matters
Palladium is critical for the automotive industry, where it is used in catalytic converters to reduce harmful emissions from gasoline engines. With concentrated supply from just two countries, palladium is particularly sensitive to geopolitical risks and supply disruptions. NYMEX inventory provides a transparent view of deliverable supply in Western markets.
Frequently Asked Questions
- How much palladium is stored in NYMEX warehouses?
- NYMEX palladium inventory fluctuates based on deliveries, industrial consumption, and investment flows. Palladium stocks are measured in troy ounces. Check the chart above for the most current figures.
- Why has palladium inventory been volatile?
- Palladium inventory has seen significant swings due to its heavy dependence on automotive demand for gasoline catalytic converters. Supply constraints from major producers Russia and South Africa, combined with the shift toward electric vehicles, create ongoing uncertainty in palladium markets.
- What drives palladium demand?
- Over 80% of palladium demand comes from the automotive sector for gasoline engine catalytic converters. Other uses include electronics, dentistry, and jewelry. The transition to electric vehicles is a long-term headwind, but tightening emissions standards continue to increase palladium loading per vehicle.
- How does palladium compare to platinum?
- Both metals are platinum group metals (PGMs) used in catalytic converters. Palladium is primarily used in gasoline engines while platinum is used in diesel engines. Both are stored in the same NYMEX-approved depositories and reported together in the PA-PL stock report.