铂、钯 有望跟随金、银市场偏强运行

Group 1 - On November 27, platinum and palladium futures were listed for trading on the Guangzhou Futures Exchange, with platinum main contract PT2606 rising by 6.25% to 430.30 CNY per gram and palladium main contract PD2606 increasing by 1.53% to 370.60 CNY per gram [2] - As of November 28, the total open interest for platinum futures was 8,926 contracts, with PT2606 accounting for 8,048 contracts, PT2608 for 643 contracts, and PT2610 for 235 contracts. For palladium futures, total open interest was 2,697 contracts, with PD2606 at 2,550 contracts, PD2608 at 94 contracts, and PD2610 at 53 contracts [2] - The cumulative trading volume for platinum futures over November 27 and 28 was 91,311 contracts, with PT2606 contributing 86,293 contracts, PT2608 4,118 contracts, and PT2610 900 contracts. Palladium futures had a cumulative trading volume of 45,094 contracts, with PD2606 at 43,091 contracts, PD2608 at 1,715 contracts, and PD2610 at 288 contracts [2] Group 2 - On November 28, platinum and palladium options were also launched, with platinum options showing a cautious trading day, having an open interest of 823 contracts and a trading volume of 1,358 contracts, amounting to a transaction value of 34.55 million CNY. The implied volatility for platinum options was 30% [3] - Palladium options had an open interest of 232 contracts and a trading volume of 334 contracts, with a transaction value of 771.22 thousand CNY and an implied volatility of 34% [3] - The average spot price for platinum on November 28 was approximately 414.0 CNY per gram, while palladium's average spot price was around 362.5 CNY per gram [3] Group 3 - The outlook for platinum and palladium futures prices is expected to follow a strong trend in the gold and silver markets, supported by increasing industrial demand for silver and a supply gap that may push silver prices above 13,000 CNY per kilogram [3] - Market attention is focused on the selection of the next Federal Reserve Chair, with reports indicating that Kevin Hassett is a leading candidate. If appointed, he may favor aggressive interest rate cuts, potentially putting pressure on the US dollar [4] - The combination of strong expectations for Fed rate cuts, pressure on the dollar, geopolitical uncertainties, and the potential for rising silver prices are expected to support the overall performance of platinum and palladium as precious metal assets [4]