铂钯数据日报-20260309

Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoint of the Report - On March 6, the prices of platinum and palladium continued their weak and volatile trends. The PT2606 contract closed down 1.2% to 560.5 yuan/gram, and the PD2606 contract closed down 1.79% to 421.5 yuan/gram. Geopolitical tensions between the US and Iran have pushed up energy prices, increasing concerns about inflation and economic recession, which has put pressure on platinum and palladium prices. However, the potential for further escalation of the conflict may limit the downside of prices. The unexpectedly poor US February non - farm data has boosted expectations of a Fed rate cut, and the risk of a private credit crisis in the US has weakened the US dollar index, providing support for platinum and palladium prices. Fundamentally, the WPIC expects the global platinum market to experience a supply shortage for the fourth consecutive year, which may support platinum prices, but the narrowing of the 26 - year spread and new US tariff policies may limit its upside. Palladium has a weaker fundamental situation and is expected to perform weaker than platinum. In the short term, platinum and palladium are expected to maintain a wide - range oscillation, and investors can consider buying on dips after the market sentiment stabilizes [6] 3. Summary According to Relevant Catalogs 3.1 Domestic Prices - Platinum futures main contract closing price: 560.5 yuan/gram, down 0.61% from the previous value of 563.95 yuan/gram [4] - Spot platinum (99.95%): 547.5 yuan/gram, down 2.23% from the previous value of 560 yuan/gram [4] - Platinum basis (spot - futures): - 13 yuan/gram, up 229.11% from the previous value of - 3.95 yuan/gram [4] - Palladium futures main contract closing price: 421.5 yuan/gram, down 1.52% from the previous value of 428 yuan/gram [4] - Spot palladium (99.95%): 422.5 yuan/gram, down 1.17% from the previous value of 427.5 yuan/gram [4] - Palladium basis (spot - futures): 1 yuan/gram, down 300.00% from the previous value of - 0.5 yuan/gram [4] 3.2 International Prices - London spot platinum: 2155.4 dollars/ounce, down 0.65% from the previous value of 2169.6 dollars/ounce [4] - London spot gold: 1662.08 dollars/ounce, down 0.49% from the previous value of 1670.34 dollars/ounce [4] - NYMEX platinum: 2154.9 dollars/ounce, down 0.81% from the previous value of 2172.6 dollars/ounce [4] - NYMEX gold: 1676 dollars/ounce, down 0.80% from the previous value of 1689.5 dollars/ounce [4] 3.3 Internal - External 15 - Point Spread - US dollar/Chinese yuan central parity rate: 6.9025, up 0.03% from the previous value of 6.9007 [4] - Spread between Guangzhou platinum and London platinum: 19.99 yuan/gram, down 0.15% from the previous value of 20.02 yuan/gram [4] - Spread between Guangzhou platinum and NYMEX platinum: 20.12 yuan/gram, up 4.39% from the previous value of 19.27 yuan/gram [4] - Spread between Guangzhou palladium and London palladium: 4.70 yuan/gram, down 49.12% from the previous value of 9.24 yuan/gram [5] - Spread between Guangzhou palladium and NYMEX palladium: 1.21 yuan/gram, down 72.73% from the previous value of 4.43 yuan/gram [5] 3.4 Price Ratios - Guangzhou Futures Exchange platinum/gold price ratio: 1.3298, up 0.0121 from the previous value of 1.3176 [5] - London spot platinum/gold price ratio: 1.2968, down 0.0021 from the previous value of 1.2989 [5] 3.5 Inventory - NYMEX platinum inventory: 205098 (troy ounces), unchanged from the previous value [5] - NYMEX gold inventory: 582441 (troy ounces), down 0.17% from the previous value of 583452 [5] 3.6 Position - NYMEX total position of platinum: 72351, down 3.04% from the previous value of 70154 [5] - NYMEX non - commercial net long position of platinum: 13832, up 4.47% from the previous value of 13240 [5] - NYMEX total position of gold: 16423, down 2.01% from the previous value of 16093 [5] - NYMEX non - commercial net long position of gold: 664, down 75.75% from the previous value of 161 [5]