铂：箱体突破，密切关注前高点位，铜：底部持续抬升

Group 1: Report Overview - The report focuses on platinum and palladium, with the view that platinum has broken through the box and attention should be paid to the previous high, while palladium's bottom has been continuously rising [1] Group 2: Price and Trading Data - Platinum futures 2606 closed at 436.40 with a -1.53% change, and the gold exchange platinum closed at 431.08 with a -0.97% change; New York platinum continuous contract closed at 1708.10 with a 2.77% change, and London spot platinum closed at 1688.90 with a 2.27% change [1] - Palladium futures 2606 closed at 380.45 with a -0.85% change, and the RMB spot palladium closed at 362.00 with a 0.00% change; New York palladium continuous contract closed at 1549.50 with a 2.11% change, and London spot palladium closed at 1507.00 with a 2.17% change [1] - Guangdong platinum trading volume was 10,460 with a 419 change compared to the previous day, and the position was 12,842 with a -23 change; NYMEX platinum trading volume was 25,961 with a 1,306 change, and the position was 60,237 with a -1,616 change [1] - Guangdong palladium trading volume was 5,981 with a 920 change, and the position was 3,585 with an 18 change; NYMEX palladium trading volume was 4,922 with a 1,316 change, and the position was 19,393 with a 101 change [1] Group 3: ETF and Inventory Data - Platinum ETF holdings (ounces, previous day) were 3,123,983 with a -478 change; Palladium ETF holdings (ounces) were 1,095,164 with a 1,232 change [1] - Guangdong platinum inventory (kilograms) was 1 with no change; NYMEX platinum inventory (ounces, previous day) was 614,713 with no change; Guangdong palladium inventory (kilograms) had no data, and NYMEX palladium inventory (ounces, previous day) was 176,705 with no change [1] Group 4: Spread Data - The spread between PT9995 and PT2606 was -5.32, a 2.58 change from the previous day; the spread between Guangdong platinum 2606 contract and 2610 contract was -1.45, a -1.00 change; the cost of buying Guangdong platinum 2606 and selling 2610 inter - period arbitrage was 5.44, a -0.08 change [1] - The spread between the gold exchange platinum and London platinum was 47.22, a -12.64 change; the spread between the RMB spot palladium price and PD2606 was -18.45, a 3.25 change; the spread between Guangdong palladium 2606 contract and 2610 contract was -2.90, a -0.05 change; the cost of buying Guangdong palladium 2606 and selling 2610 inter - period arbitrage was 4.78, a -0.04 change; the spread between the RMB spot palladium and London palladium was 19, a -7.18 change [1] Group 5: Exchange Rate Data - The US dollar index was 99.11 with a 0.12% change; the US dollar against the RMB (CNY spot) was 7.07 with a -0.03% change; the US dollar against the offshore RMB (CNH spot) was 7.07 with a 0.01% change; the US dollar against the RMB (6M forward) was 6.98 with a 0.00% change [1] Group 6: Trend Intensity - Platinum trend intensity is 1, and palladium trend intensity is 1. The trend intensity ranges from -2 to 2, with -2 being the most bearish and 2 being the most bullish [3] Group 7: Macro and Industry News - Trump may lower tariffs on some over - priced goods and said that an immediate interest rate cut is a "touchstone" for choosing a new Fed chairman; Trump started the last round of interviews for the Fed chairman this week, with Hassett leading, and officials proposed the possibility of shortening Hassett's tenure; Hassett said the Fed has enough room for significant rate cuts and will make interest rate decisions based on his judgment [4] - US job openings in October rose to the highest level in five months, but recruitment remained sluggish; the conflict between Thailand and Cambodia continued, with 7 dead and 20 injured in Cambodia and 4 dead and 68 casualties in Thailand [4] - The Reserve Bank of Australia kept the interest rate at 3.6% as expected, emphasizing the upward risk of inflation, and the market expected the interest rate cut cycle to end; Zelensky refused to "cede territory", will submit an updated peace proposal to the US on the 10th, and for the first time hinted at being willing to hold elections. Ukraine is consulting with the US and Europe on three key documents, and the US is pressuring Zelensky to make a quick decision; British media reported that Trump is "pressuring" Zelensky to respond to the peace proposal within a few days, hoping to reach an agreement before Christmas [4] - Chinese Premier Li Qiang met with the heads of the World Bank, the International Monetary Fund, and the United Nations Conference on Trade and Development respectively [4]