铂钯数据日报-20260115

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - On January 14, platinum and palladium prices generally rose. The PT2606 contract closed up 3.67% to $630.6 per gram, and the PD2606 contract closed up 1.69% to $495.5 per gram. The escalating geopolitical situation in Iran has boosted the precious metals market, and platinum and palladium have followed the upward trend. However, the better-than-expected US retail sales data and higher PPI in November indicate that the US economy is still performing well, and the probability of interest rate cuts in the short term is low. The price movement of platinum and palladium may still fluctuate as the results of the US 232 investigation are about to be announced. In the short term, platinum and palladium are expected to maintain a wide - range oscillation pattern. In the long - term, considering the supply - demand gap of platinum and the relatively loose supply of palladium, strategies such as buying platinum at low prices or implementing a [long platinum, short palladium] arbitrage strategy can be considered [6]. Group 3: Summary by Related Catalogs Price Information - Domestic Prices: The closing price of platinum futures was $630.65, up 4.23% from the previous value; the spot price of platinum (99.95%) was $626, up 5.39%; the platinum basis (spot - futures) was -$4.65, down 57.92%. The closing price of palladium futures was $495.5, up 2.53%; the spot price of palladium (99.95%) was $476, up 2.48%; the palladium basis was -$19.5, up 4.00% [4]. - International Prices (15:00): London spot platinum was $2390.2, up 3.28%; London spot gold was $1861.863, up 3.65%; NYMEX platinum was $2408.5, up 3.73%; NYMEX gold was $1924, up 3.83% [4]. - Internal - External 15:00 Spread: The US dollar/Chinese yuan central parity rate was 7.012, up 0.02%. The spread between Guangdong platinum and London platinum was $21.75, up 39.17%; the spread between Guangdong platinum and NYMEX platinum was $17.09, up 25.03% [4]. Ratio and Inventory Information - Ratios: The ratio of Guangdong Futures Exchange platinum to palladium was 1.2728, an increase of 0.0207; the ratio of London spot platinum to palladium was 1.2838, a decrease of 0.0046 [5]. - Inventory (in troy ounces): NYMEX platinum inventory was 624,345, unchanged; NYMEX palladium inventory was 210,908, unchanged. Note that due to inconsistent closing times, some platinum and palladium inventory and position data are lagging [5][6]. Position Information - Total Positions: NYMEX total platinum positions decreased by 4.57% to 82,836; NYMEX total palladium positions decreased by 6.04% to 19,349 [5]. - Non - commercial Net Long Positions: NYMEX non - commercial net long platinum positions increased by 0.38% to 18,110; NYMEX non - commercial net long palladium positions decreased by 201.40% to - 571 [5].