铂钯数据日报-20260303

1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - On March 2, platinum and palladium prices retreated from highs and remained high. The PT2606 contract closed up 2.06% to CNY 626.5 per gram, and the PD2606 contract closed up 1.0% to CNY 463.65 per gram [4]. - Geopolitical tensions in the Middle East over the weekend drove up precious - metal prices, providing support for platinum and palladium. However, the risk - asset decline, rising oil prices, and a stronger US dollar due to the US - Iran conflict may put some pressure on platinum and palladium prices. Fundamentals show a supply gap and tight spot market, but Trump's new tariff exemption for key minerals creates a mixed fundamental situation [4]. - In the short term, platinum and palladium are expected to remain strong but volatile. Investors are advised to buy on dips [4]. 3. Summary by Relevant Catalogs Domestic Price - Platinum futures主力 closing price: CNY 626.5, up 0.44% from the previous value [4]. - Spot platinum (99.95%): CNY 603, down 0.99% [4]. - Platinum basis (spot - futures): - CNY 23.5, up 59.32% [4]. - Palladium futures主力 closing price: CNY 463.65, down 0.26% [4]. - Spot palladium (99.95%): CNY 455, unchanged [4]. - Palladium basis (spot - futures): - CNY 8.65, down 12.18% [4]. International Price (15:00) - London spot platinum: USD 2389.7, down 0.31% [4]. - London spot palladium: USD 1823.741, down 0.83% [4]. - NYMEX platinum: USD 2402.5, down 0.34% [4]. - NYMEX palladium: USD 1864, down 0.32% [4]. Internal - External Price Difference (15:00, CNY/g) - USD/CNY central parity rate: 6.9236, up 0.01% [4]. - Guangzhou platinum - London platinum: CNY 25.40, up 21.75% [4]. - Guangzhou platinum - NYMEX platinum: CNY 22.18, up 27.01% [4]. - Guangzhou palladium - London palladium: CNY 4.91, up 111.04% [4]. - Guangzhou palladium - NYMEX palladium: - CNY 5.21, down 4.66% [4]. Platinum - Palladium Price Ratio - Guangzhou Futures Exchange platinum/palladium price ratio: 1.3512, up 0.0094 [4]. - London spot platinum/palladium price ratio: 1.3103, up 0.0069 [4]. Inventory (Troy Ounces) - NYMEX platinum inventory: 202181, up 8.54% [4]. - NYMEX palladium inventory: 588066, up 1.79% [4]. Position - NYMEX total platinum position: 72351, up 4.42% [4]. - NYMEX non - commercial net long platinum position: 13240, up 7.23% [4]. - NYMEX total palladium position: 16423, down 2.18% [4]. - NYMEX non - commercial net long palladium position: 664, up 34.96% [4].