Rhodium prices broke over the $1,900/oz mark this week on sizable buying from industrial 

consumers from midweek onward. 

The Platts New York Dealer rhodium price range rose to $1,840-$1,915/oz this week from 

$1,825-$1,865/oz last week, with sizable volumes trading hands, especially during midwee

k, market sources said. 

"The last couple of days, there's been some big buying around, especially yesterday," one 

PGMs refiner said Thursday, putting this week's range of physical deals at $1,815-$1,945/

oz. 

The refiner and other sources cited a deal on Wednesday for $1,880/oz. "Today, it was bid 

and it was bid all day and it's going up." 

Base prices posted by major European refiners reflected the strong buying. 

UK-based  Johnson  Matthey  closed  the week at $1,920/oz, up from $1,860/oz last week. 

Germany-based Engelhard Materials Services (BASF) ended the week at $1,940/oz, up fr

om $1,865/oz last week. 

One European trader said he thought the majority of business was done around $1,900/oz

 or a little higher, and did not see much business being transacted much higher than that. 

A second PGMs refiner also questioned whether sizable volumes were trading hands much 

above $1,900/oz, and put this week's range at $1,820-$1,910/oz. 

"I don't know if someone has an agenda at this point, and I'm not really buying into it yet," 

he said. "But there does seem to be a little bit of interest, even above the $1,900/oz level."