开盘|国内期货主力合约涨跌不一 铂涨超6%

Core Viewpoint - The prices of platinum and palladium futures are experiencing a significant increase, supported by macroeconomic liquidity and tightening spot supply conditions [1][3]. Group 1: Market Performance - Domestic futures contracts show mixed performance, with platinum rising over 6%, while nickel, silver, PVC, fuel oil, and styrene all increased by more than 2% [1]. - Ethylene glycol (EG) saw a decline of nearly 1% [1]. Group 2: Macroeconomic Factors - The chief analyst from Guosen Futures, Ge Fengda, indicates that the divergence in the Federal Reserve's policy expectations and geopolitical uncertainties are core supports for the rising prices of platinum and palladium [3]. - The ongoing geopolitical tensions in the Middle East and Europe are injecting risk premiums into the market, reinforcing the investment value of platinum group metals [3]. Group 3: Supply and Demand Dynamics - Analyst Wang Yanqing from CITIC Futures notes that the commodity attributes of platinum and palladium are continuously supporting price increases [3]. - The European Commission's recent proposal to relax the 2035 ban on the sale of fuel vehicles is expected to boost future demand for platinum and palladium, alleviating concerns about oversupply [3]. - Investment demand is driving down the circulating inventory of platinum and palladium, with rising spot leasing rates further strengthening the short-term market [3]. Group 4: Short-term Outlook - Analyst Wang Meidan suggests that the tightening of spot supply, combined with macroeconomic support, indicates that platinum and palladium prices are likely to remain strong in the short term [3]. - However, there is a caution regarding the potential for increased volatility and a phase of price correction following sustained increases [3].