SOUTH African platinum stocks are seen coming under renewed selling pressure on Thursday because of more weakness in the price of the white metal, putting downward pressure on the overall market, traders said. The market has been pushed lower this week by steep reverses in platinum counters as investors watched platinum and palladium prices touching levels last seen well over a year ago. The world’s two largest platinum producers Angloplat and Implats have moved sharply down over recent days and traders expect them to slide further during the day’s trade. The near-month industrial futures shed 33 points and the September all-share futures was down 15 points. Traders said the futures market could turn positive on the back of a positive performance by the S&P futures, which were up 2,2 points. – Reuters
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