NYMEX Platinum Inventory
Physical platinum stocks in NYMEX-approved warehouses
Delivery Notices
Daily Delivery History
What Is NYMEX Platinum Inventory?
NYMEX platinum inventory represents the total physical platinum stored in CME Group-approved depositories. Platinum is one of the rarest precious metals, with annual mine production around 6 million troy ounces globally. The inventory is divided into registered (warranted for delivery) and eligible (meets standards but not warranted) categories. These stocks back NYMEX platinum futures contracts.
Why Platinum Inventory Matters
Platinum has significant industrial demand, particularly from the automotive sector for catalytic converters, as well as from jewelry, chemical processing, and hydrogen fuel cells. NYMEX inventory provides visibility into deliverable supply. With the energy transition driving demand for hydrogen technology, platinum supply-demand dynamics are closely watched by analysts and investors.
Frequently Asked Questions
- How much platinum is stored in NYMEX warehouses?
- NYMEX platinum inventory varies over time based on deliveries and withdrawals. Platinum stocks are measured in troy ounces. Check the chart above for the most current figures.
- What causes changes in NYMEX platinum inventory?
- Platinum inventory changes reflect physical deliveries against futures contracts, industrial demand (particularly from automotive catalytic converters), and investment flows. Platinum is rarer than gold, so inventory changes can be more significant relative to total supply.
- Why is platinum inventory important?
- Platinum is a critical industrial metal used in catalytic converters, jewelry, and as an investment. NYMEX inventory levels provide insight into physical supply availability. Low inventory combined with strong industrial demand can support higher prices.
- How does platinum compare to palladium in COMEX warehouses?
- Both metals are stored in the same NYMEX-approved depositories and reported in the PA-PL stock report. Palladium has seen more dramatic inventory swings due to automotive demand shifts, while platinum inventory tends to be more stable.