广期所：铂、钯期货合约将于11月27日上市交易

Core Insights - The Guangzhou Futures Exchange has received approval from the China Securities Regulatory Commission to register platinum and palladium futures, with trading set to begin on November 27, 2025 [1][2] - The initial trading contracts for platinum are PT2606, PT2608, and PT2610, while for palladium, they are PD2606, PD2608, and PD2610 [1] - Both platinum and palladium futures will have a trading unit of 1000 grams per contract and a minimum price fluctuation of 0.05 yuan per gram [1] Trading Details - The margin requirement for the first trading day will be 9% of the contract value, with a price limit of 14% based on the listing price [1] - If there are transactions, the margin will remain at 9% for the next trading day, with a price limit of 7% based on the previous day's settlement price; if no transactions occur, the initial margin and price limit will continue [1] - The trading fee for platinum and palladium futures is set at 0.01% of the transaction amount, with no fees for intra-day closing positions and a reduced fee of 0.005% for hedging transactions [2] Industry Significance - 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 [2] - These metals are also essential for renewable energy sectors such as wind power and hydrogen energy, making them representative of new energy metals [2] - The launch of platinum and palladium futures and options aligns with the demand for risk management tools in the real economy and signifies the expansion of the new energy metal sector at the Guangzhou Futures Exchange [3]