铂钯数据日报-20260204

Group 1: Report Industry Investment Rating - Not provided Group 2: Core View of the Report - On February 3, platinum and palladium prices rebounded overall. The PT2606 contract closed up 3.54% to 572.95 yuan/gram, and the PD2606 contract closed up 8.62% to 450.5 yuan/gram. The market sell - off has temporarily ended, and the sentiment repair supports palladium. Trump's plan for a $12 billion critical minerals strategic reserve and the EU's consideration of new sanctions on Russian platinum exports are beneficial to platinum and palladium prices, especially palladium. In the short - term, platinum and palladium prices may run strongly in a wide range, and palladium may perform better than platinum. In the long - term, the supply - demand prospects of platinum and palladium are different, with a supply gap for platinum and a trend towards looser supply. The strategy suggests unilateral low - level allocation or the "long platinum, short palladium" arbitrage strategy [6]. Group 3: Summary According to the Directory Domestic Price (yuan/gram) - Platinum futures main contract closing price: 572.95, up 3.77% from the previous value of 552.15 [4] - Platinum spot price (99.95%): 548, down 0.45% from the previous value of 550.5 [4] - Platinum basis (spot - futures): - 24.95, up 1412.12% from the previous value of - 1.65 [4] - Palladium futures main contract closing price: 450.55, up 8.91% from the previous value of 413.7 [4] - Palladium spot price (99.95%): 439, up 1.62% from the previous value of 432 [4] - Palladium basis (spot - futures): - 11.55, down 163.11% from the previous value of 18.3 [4] International Price (15:00, dollars/ounce) - London spot platinum: 2199.613, up 13.68% from the previous value of 1934.9 [4] - London spot palladium: 1786.257, up 10.81% from the previous value of 1612.038 [4] - NYMEX platinum: 2194.9, up 14.34% from the previous value of 1919.7 [4] - NYMEX palladium: 1786, up 13.58% from the previous value of 1572.5 [4] Internal - External 15:00 Spread (yuan/gram) - Dollar/renminbi central parity rate: 6.9608, down 0.12% from the previous value of 6.9695 [4] - Guangzhou platinum - London platinum spread: 16.69, down 73.17% from the previous value of 62.23 [4] - Guangzhou platinum - NYMEX platinum spread: 17.89, down 72.93% from the previous value of 66.07 [4] Ratios - Guangzhou Futures Exchange platinum/palladium ratio: 1.2717, down 0.0630 from the previous value of 1.3347 [5] - London spot platinum/palladium ratio: 1.2314, up 0.0311 from the previous value of 1.2003 [5] Inventory (troy ounces) - NYMEX platinum inventory: 655182, unchanged from the previous value [5] - NYMEX palladium inventory: 224021, unchanged from the previous value [5] Position - NYMEX total position of platinum: 79009, down 0.55% from the previous value of 79441 [5] - NYMEX non - commercial net long position of platinum: 13922, down 7.95% from the previous value of 15124 [5] - NYMEX total position of palladium: 19167, down 0.23% from the previous value of 19123 [5] - NYMEX non - commercial net long position of palladium: 888, down 22.97% from the previous value of 684 [5]