铂金期现齐创历史新高！什么原因？

Core Viewpoint - The surge in platinum prices is driven by a combination of structural supply-demand imbalances and strong market sentiment, with platinum becoming a focal point for investment within the precious metals sector as gold and silver prices rise significantly [2][3]. Group 1: Price Performance - As of December 24, 2023, spot platinum reached a peak of $2377.4 per ounce, while New York platinum futures hit $2395.6 per ounce, both breaking historical records with year-to-date increases of over 159% and 149% respectively [1]. - In the domestic market, platinum futures closed at 657.65 yuan per gram, marking a new high since the contract's launch on November 27, 2023, with a cumulative increase of 50.99% in December alone [1]. Group 2: Driving Factors - The current rise in platinum prices is attributed to a structural supply-demand contradiction and strong capital sentiment, with limited liquidity in the platinum market amplifying price increases [2]. - Geopolitical tensions, intensified competition among major currencies, and a fragmented industrial chain have highlighted the strategic value of precious metals, with monetary policy shifts, such as the Federal Reserve's rate cuts, further supporting the market [2]. - The potential easing of the EU's 2035 ban on fuel vehicles could enhance future demand for platinum, alleviating concerns about oversupply [3]. Group 3: Market Outlook - The platinum market is expected to face a significant supply gap, with projections indicating a shortfall of around 23 tons by 2026, as the market continues to experience tight conditions [4]. - The price of platinum is likely to follow the upward trend of other precious metals, with the potential for prices to exceed historical highs as the premium space for platinum expands [5]. Group 4: Investment Strategy - Investors are advised to maintain a long position in platinum futures while closely monitoring changes in capital holdings and trading volumes, being cautious of the risks associated with rapid price increases [6]. - It is recommended to consider taking profits on existing positions while controlling exposure to mitigate the risk of sharp corrections [6].