铂钯金期货日报-20260209

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - The successful breakthrough in the first - round US - Iran nuclear talks has marginally warmed market sentiment. The rebound in risk appetite has pressured the US dollar to correct, leading to a collective rebound in the precious metals market. The price of the platinum main contract on the Guangzhou Futures Exchange has risen by over 10%. If the slowdown in employment and inflation is further verified, platinum and palladium may catch up in price with the boost of the financial attributes of gold and silver. In the short term, the trends of platinum and palladium may follow the rhythm of gold and silver, and high - volatility行情 may continue. In the medium - to - long term, the industrial logic of platinum and palladium still dominates the trading rhythm, and the supply - demand pattern differentiation may continue to drive the "platinum - strong, palladium - weak" market [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - Platinum main contract closing price: 545.05 yuan/gram, up 52.15 yuan; palladium main contract closing price: 438.15 yuan/gram, up 30.90 yuan - Platinum main contract open interest: 10387.00 lots, down 277.00 lots; palladium main contract open interest: 3179.00 lots, up 90.00 lots [2] 3.2 Spot Market - Shanghai Gold Exchange platinum spot price (Pt9995): 543.99 yuan/gram, up 16.00 yuan; Yangtze River palladium spot average price: 428.00 yuan/gram, up 40.00 yuan - Platinum main contract basis: - 1.06 yuan/gram, down 36.15 yuan; palladium main contract basis: - 10.15 yuan/gram, up 9.10 yuan - Platinum CFTC non - commercial long positions (weekly): 9966.00 contracts, down 243.00 contracts; palladium CFTC non - commercial long positions (weekly): 3003.00 contracts, down 342.00 contracts [2] 3.3 Supply and Demand Situation - 2025 estimated total platinum supply: 220.40 tons, down 0.80 tons; 2025 estimated total palladium supply: 293.00 tons, down 5.00 tons - 2025 estimated total platinum demand: 261.60 tons, up 25.60 tons; 2025 estimated total palladium demand: 287.00 tons, down 27.00 tons [2] 3.4 Macroeconomic Data - US dollar index: 97.61, down 0.35; VIX volatility index: 17.76; 10 - year US Treasury real yield: 1.88%, down 0.01 percentage points [2] 3.5 Industry News - The US - Iran nuclear talks in Oman ended, and the two sides reached a consensus on continuing dialogue. - The Fed Vice - Chair Jefferson is "cautiously optimistic" about the US economic outlook. - The preliminary value of the University of Michigan Consumer Sentiment Index in February in the US reached 57.3, the highest in six months, and the 1 - year inflation expectation dropped to 3.5%, the lowest in a year. - The People's Bank of China's gold reserves have increased for 15 consecutive months, reaching 74.19 million ounces by the end of January 2026, an increase of 40,000 ounces month - on - month. - US President Trump signed an executive order threatening to impose tariffs on countries that purchase sanctioned Iranian goods and services. - The US and India reached a temporary trade agreement framework, with India canceling or reducing tariffs on US industrial products, food, and agricultural products, and the US reducing the so - called "reciprocal tariffs" on Indian goods from 25% to 18% [2] 3.6 Key Points of Concern - US January retail sales data on February 10 at 21:30 - US January non - farm payrolls data on February 11 at 21:30 - US January CPI data on February 13 at 21:30 [2]