广期所新能源金属板块再添新成员

Core Viewpoint - The launch of platinum and palladium futures at the Guangzhou Futures Exchange marks a significant step in the development of green energy metal futures, following the introduction of other products like industrial silicon and lithium carbonate [1][4]. Group 1: Market Impact - Platinum and palladium are critical raw materials in automotive exhaust treatment, wind power, and hydrogen energy, with applications in green development accounting for 60% and 80% respectively [2][4]. - The introduction of these futures is expected to help upstream and downstream enterprises in the platinum group metal industry manage risks and stabilize operations amid market volatility [2][4]. - The futures market will enhance the price discovery function, acting as a "weather vane" for the pricing system of platinum and palladium products, thereby increasing China's international influence and pricing power in the platinum group metal industry [2][4]. Group 2: Trading Performance - On the first day of trading, the main platinum futures contract PT2906 opened at 441 CNY/gram and closed at 430.3 CNY/gram, up 6.25% from the listing benchmark price of 405 CNY/gram [4][5]. - The main palladium futures contract PD2606 opened at 377 CNY/gram and closed at 370.6 CNY/gram, reflecting a 1.53% increase from the listing benchmark price of 365 CNY/gram [4][5]. - Trading volumes were significant, with platinum futures achieving a volume of 66,700 contracts and a turnover of 29.231 billion CNY, while palladium futures had a volume of 34,200 contracts and a turnover of 13.049 billion CNY [5]. Group 3: Strategic Importance - The Guangzhou Futures Exchange aims to support the real economy and contribute to green development, aligning with national strategies such as the Belt and Road Initiative and the construction of the Guangdong-Hong Kong-Macao Greater Bay Area [3]. - The exchange has previously launched other futures and options related to green energy metals, establishing a preliminary framework for the new energy metal futures sector [3]. - The China Nonferrous Metals Industry Association plans to continue its strategic cooperation with the Guangzhou Futures Exchange to enhance the development of futures derivatives that support green industries [2][3].