基本面支撑不足 钯期货主力或呈现宽幅震荡的局势

Core Viewpoint - The palladium futures market is experiencing a volatile upward trend, with significant price fluctuations observed in recent trading sessions [1][2]. Group 1: Market Performance - As of February 3, the main palladium futures contract opened at 418.00 CNY/ton, reaching a high of 444.70 CNY and a low of 414.15 CNY, reflecting an approximate increase of 4.71% [1]. - The overall performance of the palladium market is characterized by strong fluctuations, indicating a robust market sentiment [2]. Group 2: Institutional Insights - Guoxin Futures notes that macroeconomic factors, such as hawkish comments from Federal Reserve officials and economic data, are influencing the financial attributes of platinum and palladium [2]. - Hualian Futures highlights that the industrial demand for platinum and palladium is primarily driven by catalytic converters in fuel vehicles, suggesting that the market's movements may be more reactive to overall sector sentiment rather than fundamental support [2]. - Ruida Futures anticipates continued high volatility in the precious metals market, with platinum potentially showing more resilience compared to palladium due to uncertainties in South African power supply and Russian exports, alongside new automotive emission regulations [2]. Group 3: Price Levels and Support - The support levels for platinum and palladium are identified as 1800 USD/ounce and 1500 USD/ounce, respectively, indicating critical price points for market participants to monitor [2].