铂：暂未逃离震荡区间，铜：技术面维度底部抬升明显

Group 1: Industry Investment Rating - Not mentioned Group 2: Core Views - Platinum has not escaped the volatile range yet [1] - Palladium shows a significant bottom rise in the technical dimension [2] Group 3: Fundamental Tracking Price - Platinum futures 2606 closed at 443.20 with a 0.20% increase, and the gold exchange platinum closed at 435.30 with a 0.00% increase. The New York platinum main contract closed at 1662.00 with a 0.42% increase, and the London spot platinum closed at 1651.40 with a 1.00% increase [2] - Palladium futures 2606 closed at 383.70 with a 0.51% increase. The New York palladium main contract closed at 1517.50 with a 1.97% - 3.06% increase, and the London spot palladium closed at 1475.00 with a 1.23% increase [2] Trading Volume and Position - The trading volume of Guangzhou platinum was 10,041, an increase of 1,533 from the previous day, and the position was 12,865. The trading volume of NYMEX platinum was 24,655, an increase of 1,820, and the position was 61,853, a decrease of 1,473 [2] - The trading volume of Guangzhou palladium was 5,061, an increase of 371, and the position was 3,567, an increase of 220. The trading volume of NYMEX palladium was 3,606, a decrease of 788, and the position was 19,292, an increase of 85 [2] ETF Position - The platinum ETF position (ounces) was 3,124,461 the previous day, with no change. The palladium ETF position (ounces) was 1,093,932 the previous day, with no change [2] Inventory - The inventory of Guangzhou platinum (kilograms) remained unchanged. The NYMEX platinum inventory (ounces) the previous day was 614,713, a decrease of 235. The inventory of Guangzhou palladium (kilograms) remained unchanged, and the NYMEX palladium inventory (ounces) the previous day was 176,705, an increase of 4,315 [2] Spread - The spread between PT9995 and PT2606 was -7.90, a decrease of 0.92 from the previous day. The spread between the Guangzhou platinum 2606 contract and the 2610 contract was -0.45, an increase of 0.60 [2] - The spread between the gold exchange platinum and London platinum was 59.86, a decrease of 3.79. The spread between the RMB spot palladium price and PD2606 was -22, an increase of 5.05 [2] Exchange Rate - The US dollar index was 99.11, an increase of 0.12%. The US dollar against the onshore RMB (CNY spot) was 7.07, an increase of 0.01%. The US dollar against the offshore RMB (CNH spot) was 7.07, an increase of 0.02%. The US dollar against the RMB (6M forward) was 6.98, a decrease of 0.26% [2] Group 4: Macro and Industry News - The hot candidate for the Fed Chairman, Hassett, stated that the future path should not be announced in advance and reiterated data dependence [5] - The Russian Deputy Prime Minister announced that gold bar exports will be restricted starting from 2026 [5] - OpenAI reported that ChatGPT currently serves over 800 million users per week [5] - NVIDIA will provide H200 to commercial customers approved by the US Department of Commerce [5] - The China Passenger Car Association reported that the retail sales of narrow - sense passenger cars in November were 2.225 million units, a year - on - year decrease of 8.1% [5] - The Political Bureau of the CPC Central Committee held a meeting on December 8, stating that a more proactive fiscal policy and a moderately loose monetary policy will continue to be implemented [5] Group 5: Trend Intensity - Platinum trend intensity: 0; Palladium trend intensity: 1. The trend intensity ranges from -2 to 2, with -2 being the most bearish and 2 being the most bullish [4]