广期所上新两大新能源金属铂、钯期货和期权

Core Viewpoint - Guangzhou Futures Exchange has launched futures and options for platinum and palladium, marking an expansion in the new energy metals sector and aligning with the green development strategy [1][2][3]. Group 1: Launch of Platinum and Palladium Futures - The China Securities Regulatory Commission approved the registration of platinum and palladium futures and options on November 7 [2]. - The Guangzhou Futures Exchange has released contracts and rules for these futures and options, seeking to gather input on registered brands, designated delivery warehouses, and quality inspection agencies [2][3]. Group 2: Importance of Platinum and Palladium - Platinum and palladium are crucial raw materials for green industries, particularly in automotive exhaust treatment, with approximately 60% of platinum and nearly 80% of palladium used in catalytic converters in China [3]. - These metals are also key components in the wind power and hydrogen energy sectors, representing significant new energy metals [3]. Group 3: Market Dynamics and Demand - China is the largest consumer of platinum and palladium globally, accounting for over 20% of total consumption [4]. - The prices of platinum and palladium have experienced significant volatility, with annual price fluctuations exceeding 20% over the past five years, leading to increased demand from industry players for futures to manage pricing and risk [4]. - The introduction of platinum and palladium futures is expected to enhance China's participation in global pricing and improve the reflection of domestic supply and demand in market prices, thereby increasing the international influence of China's platinum and palladium prices [4].