俄方反对特朗普停火方案 钯期货反弹幅度较大

Core Viewpoint - Palladium futures experienced a rapid increase, with the main contract reaching a high of 413.65 yuan, closing at 410.60 yuan, reflecting a 5.50% rise [1] Group 1: Market Analysis - South China Futures predicts wide fluctuations in palladium prices, influenced by the LME's decision to stop daily platinum and palladium pricing auctions, which may affect global market pricing mechanisms and liquidity [2] - New Lake Futures suggests that palladium lacks long-term fundamental support, advising against heavy positions in the market [3] Group 2: Supply and Demand Dynamics - The palladium market is expected to face a structural supply shortage, with low inventory levels and geopolitical risks, particularly from Russia, which supplies over 40% of global palladium [3] - Despite short-term volatility, the long-term outlook for palladium remains uncertain due to insufficient fundamental support, leading to recommendations against heavy investments [3]