突然“崩了”，直接跌停

Core Viewpoint - The main contract for palladium futures on the Guangzhou Futures Exchange hit the limit down for the first time since its listing, with a decline of 10% to 515.65 yuan per gram, following a month where it had previously reached the limit up five times [1]. Group 1: Market Performance - The palladium futures contract opened at 572.90 yuan and experienced a drop of 57.25 yuan, or 9.99%, reaching a low of 515.65 yuan [2]. - The platinum futures contract also saw a decline, dropping by 9% before fluctuating upwards [2]. - NYMEX platinum futures ended a streak of increases, with the main contract falling to 2,272.9 USD per ounce, while NYMEX palladium futures dropped to 1,821 USD per ounce [3]. Group 2: Market Dynamics - The recent price adjustments are attributed to a shift in market drivers, with previous exuberance leading to significant price increases that were not supported by fundamental demand, particularly in the automotive sector for palladium [4]. - The holiday season in the U.S. has contributed to decreased market liquidity, amplifying short-term price volatility [4]. - Analysts expect platinum group metals to enter a phase of high volatility and wide fluctuations, with palladium facing greater downside risks due to relatively weak fundamentals [5]. Group 3: Price Support and Resistance Levels - Short-term support for platinum is around 580 yuan per gram, with resistance at 700 yuan per gram; for palladium, support is at 515 yuan per gram and resistance at 600 yuan per gram [5]. - Recommendations include reducing positions on previous long trades and avoiding blind bottom-fishing for new positions [5].