Core Insights - The launch of platinum and palladium futures on the domestic market is seen as a significant addition to the new energy metal futures sector, with the first contracts being reasonably priced compared to market expectations [2][4]. Group 1: Market Analysis - The first contracts for platinum and palladium futures were priced slightly above market expectations but aligned with the domestic price structure [2]. - The macroeconomic environment is supportive due to the Federal Reserve's dovish signals, with an 80% probability of a rate cut in December, which may bolster market sentiment [2]. - Geopolitical developments, such as progress in Russia-Ukraine negotiations, could reduce risk appetite and exert downward pressure on prices [2]. Group 2: Price Expectations - Initial price ranges for platinum futures are expected to be between 385 to 425 CNY per gram, while palladium futures are anticipated to range from 345 to 385 CNY per gram on their first trading day [2]. - Analysts predict that the futures for platinum and palladium may exhibit a contango structure, influenced primarily by market liquidity levels [4]. - The initial trading price range for PT2606 is projected to be 390 to 420 CNY per gram, and for PD2606, it is expected to be 340 to 370 CNY per gram [4]. Group 3: Market Performance - On the opening day of trading, domestic main contracts showed mixed performance, with platinum rising nearly 9% and other commodities like silver and glass also seeing gains [3]. - Conversely, some contracts, including lithium carbonate and paper pulp, experienced declines of nearly 1% [3].
期货开盘:铂期货涨9%,沪银涨超3%,甲醇、玻璃、花生、原油涨超1%,沪锡涨近1%;沪铅跌超1%,碳酸锂跌近1%
Sou Hu Cai Jing·2025-11-27 01:36