Russia, 1890

1890: 1 Troy Oz. platina (Ural Contract: 83% ore) =13.29 руб 
1890: 1 Troy Oz. Pt (Contract @ .999) =16.01 руб
1890: Russian Refiner's Cost @212 руб/Poud = 0.4025 руб
1890: 1 Troy Oz. Platinum (SPb: Refined Poud) =16.417 руб

Citation: The Mineral Industry, Vol. 7 (1899) p.570



Where 1 Funt = 0.49 kg, 542.11 руб Kr., 

c. 1890?: 1 Troy Oz. Platinum (SPb mkt) = 16.86 руб Kr.





Where the 1890/1 market price was 8,000 руб Kr. per Poud at intrinsic value of platina (80%) the actual Spot 80% ore was 6,400 руб Kr. per Poud. 


1890: 1 Troy Ounce platina (Ural Spot, 80%) = 12.1524 руб Kr
1890 1 Troy Oz. Pt (Ural Spot, 100%) = 15.1905 руб Kr
1890: 1 Troy Oz. platina (Ural Spot, 80%) = 8.7497 руб Ag
1890: 1 Troy Oz. Pt (Ural Spot, 100%) = 10.9372 руб Ag
 

In 1890, the Russian Platinum Price Peak was explained by:
a) machinations of the Platinum syndicate (Russo-European monopolist producers)
b) scarcity of labor in the Urals (construction of the Trans-Siberian Railway)
c) forward contracts by Western speculator-caspitalists

Citation: Journal of the Society of Chemical Industry, Vol. 28 (11/29/1890)


Where the poud weighed 526.643 Troy Ounces @ Paper Rouble and Sight Rates

Early January, 1890: 1 Troy Oz. platina (SPb) = 4.75 - 5.13 руб
(USD$ 2.5634 - 2.99; USD$ )
May, 1890: 1 Troy Oz. platina (SPb, mkt) = 15.19 руб (USD$ 9.11)
June, 1890: 1 Troy Oz. platina (SPb, mkt) = 23.74 руб (USD$ 14.54)
December, 1891: 1 Troy Oz. platina (SPb, mkt) = 11.96 руб (USD$ 5.87)

From Berlin in 1890:


1889: The value of the Rouble against the Dollar increased 25%, a boon for Russian platina sellers and powerful incentive for export merchants.