铂：持续关注当前点位支撑情况；钯：ETF持仓较大幅流出

Group 1: Investment Ratings - No investment rating information is provided in the report. Group 2: Core Views - Keep an eye on the support level of platinum at the current point, and there has been a significant outflow from palladium ETF holdings [1] - The trend strength of platinum and palladium is 0, indicating a neutral outlook [3] Group 3: Fundamental Tracking Price - Platinum futures 2606 closed at 552.70 with a 3.73% increase; gold exchange platinum closed at 548.93 with a 3.84% increase; New York platinum main contract (previous day) was at 2123.30 with a 0.48% increase; London spot platinum (previous day) was at 2124.90 with a 0.61% increase [1] - Palladium futures 2606 closed at 407.75 with a 2.31% increase; RMB spot palladium was at 390.00 with a 6.27% increase; New York palladium main contract (previous day) was at 1,618.00 with a -0.15% change; London spot palladium (previous day) was at 1,602.00 with a -0.53% change [1] Trading Volume and Open Interest - Guangzhou platinum trading volume was 10,259 kg, an increase of 3,632 kg from the previous day, and open interest was 24,716 kg, a decrease of 114 kg [1] - NYMEX platinum trading volume was 26,810 kg, a decrease of 7,177 kg from the previous day, and open interest was 51,325 kg, a decrease of 2,900 kg [1] - Guangzhou palladium trading volume was 3,090 kg, a decrease of 211 kg from the previous day, and open interest was 9,188 kg, a decrease of 124 kg [1] - NYMEX palladium trading volume was 7,325 kg, a decrease of 7,720 kg from the previous day, and open interest was 45,682 kg, a decrease of 498 kg [1] ETF Holdings - Platinum ETF holdings (ounces, previous day) were 3,180,871, a decrease of 3,220 [1] - Palladium ETF holdings (ounces, previous day) were 1,106,950, a decrease of 23,512 [1] Inventory - Guangzhou platinum inventory was 1 kg, with no change; NYMEX platinum inventory (ounces, previous day) was 582,441, with no change [1] - Guangzhou palladium inventory was 1 kg, with no change; NYMEX palladium inventory (ounces, previous day) was 200,716, with no change [1] Spread - PT9995 to PT2606 spread was -3.77, an increase of 0.38 from the previous day [1] - Guangzhou platinum 2606 contract to 2610 contract spread was 3.70, a decrease of 3.15 from the previous day [1] - Cost of buying Guangzhou platinum 2606 and selling 2610 inter - period arbitrage was 6.82, an increase of 0.24 from the previous day [1] - Spread between Guangzhou platinum main contract and London platinum (considering VAT) was 18.23, an increase of 16.68 from the previous day [1] - Spread between RMB spot palladium price and PD2606 was -17.75, an increase of 13.80 from the previous day [1] - Guangzhou palladium 2606 contract to 2610 contract spread was 0.90, a decrease of 3.85 from the previous day [1] - Cost of buying Guangzhou palladium 2606 and selling 2610 inter - period arbitrage was 5.10, an increase of 0.11 from the previous day [1] - Spread between Guangzhou palladium main contract and London palladium (considering VAT) was 11.34, an increase from -7 [1] Exchange Rate - The US dollar index was 99.56, a decrease of 0.93% [1] - USD/CNY (CNY spot) was 6.92, an increase of 0.34% [1] - USD/CNH (CNH spot) was 6.89, a decrease of 0.19% [1] - USD/CNY (6M forward) was 6.79, a decrease of 0.05% [1] Group 4: Macro and Industry News - "Fed whisperer": The Fed tends to stay silent this week, and recent shocks are two - way factors [4] - Trump: Not ready to end the conflict yet, but "we will leave in the near future" [4] - Trump is angry that inviting allies to participate in escorting has received a cold response, and the US is considering withdrawing from NATO. He also criticizes leaders like Starmer and Macron [4] - Iran's Supreme Leader rejects the proposal for peace talks with the US and insists on defeating the US and Israel and claiming compensation [4] - The Secretary of Iran's Supreme National Security Council and the head of the Basij militia have died, and Iran has designated multiple replacement candidates for key national positions [4] - Iran attacks upstream oil and gas facilities in the UAE for the first time [4]