铂钯数据日报-20260108

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report On January 8, 2026, platinum and palladium prices generally opened high and closed low. The PT2606 contract rose 2.47% to 598.5 yuan/gram, and the PD2006 contract rose 1.71% to 475.95 yuan/gram. Affected by geopolitical risk premiums, market funds favored mineral resources, boosting recent platinum and palladium prices. However, due to the rapid electrification of market sectors and concerns that BCOM's adjustment of the weight index may lead to selling pressure, funds took early profits, causing platinum and palladium prices to decline and the upward trend to slow. In the short term, platinum and palladium may maintain a wide - range oscillation pattern. In the long - term, with platinum supply and demand still in a certain situation and palladium tending to a loose supply pattern, the strategy could be to allocate platinum at low prices or focus on the [long platinum, short palladium] arbitrage strategy [6]. 3. Summary According to Relevant Catalogs Domestic Prices - Platinum futures' main contract closing price was 598.5 yuan/gram, down 2.97% from the previous value; spot platinum (99.95%) was 615 yuan/gram, up 2.50%; the basis (spot - futures) was 16.5 yuan/gram, down 198.21% [4]. - Palladium futures' main contract closing price was 475.95 yuan/gram, up 0.86%; spot palladium (99.95%) was 460 yuan/gram, up 3.37%; the basis (spot - futures) was - 15.95 yuan/gram, down 40.71% [4]. International Prices (15:00) - London spot platinum was 2273.7 dollars/ounce, down 1.94%; London spot palladium was 1735.067 dollars/ounce, down 0.40%; NYMEX platinum was 2275.7 dollars/ounce, down 2.23%; NYMEX palladium was 1797 dollars/ounce, up 0.31% [4]. Internal - External 15:00 Price Differences - The dollar/yuan central parity rate was 7.0187, up 0.02%. The price difference between Guangdong platinum and London platinum was 18.73 yuan/gram, down 26.99%; the price difference between Guangdong platinum and NYMEX platinum was 18.22 yuan/gram, down 22.16%. The price difference between Guangdong palladium and London palladium was 27.77 yuan/gram, down 20.72%; the price difference between Guangdong palladium and NYMEX palladium was 17.73 yuan/gram, up 16.85% [4][5]. Price Ratios - The ratio of Guangdong Futures Exchange platinum to palladium was 1.2575, down 0.0496; the ratio of London spot platinum to palladium was 1.3104, down 0.0206 [5]. Inventories - NYMEX platinum inventory was 645366 troy ounces, with a 0.00% change; NYMEX palladium inventory was 211306 troy ounces, with a 0.00% change [5]. Positions - NYMEX total platinum position was 90330, down 8.30%; non - commercial net long position of platinum was 18042, down 6.73%. NYMEX total palladium position was 22709, down 9.32%; non - commercial net long position of palladium was - 571, down 568.03% [5].