涨幅超黄金！铂金价格大涨！啥原因？

Core Viewpoint - The platinum market is experiencing a significant surge in demand and price, with platinum prices surpassing 300 yuan per gram and a year-to-date increase of over 36%, outpacing gold's growth [1][9]. Group 1: Market Dynamics - In the Shenzhen Shui Bei market, there is a noticeable increase in jewelry merchants purchasing platinum, driven by rising gold prices leading consumers to shift towards platinum [1]. - Sales volume of platinum has risen from 150-200 kg per month to potentially 400-500 kg during peak periods, indicating a supply-demand imbalance [3]. - Many jewelry stalls have reduced their gold sales space or completely transitioned to selling platinum due to the increased demand and better profit margins associated with platinum [5][7]. Group 2: Supply and Demand Factors - The surge in platinum prices is attributed to strong demand growth, with China becoming the largest retail investment market for platinum, surpassing North America in Q1 [11]. - On the supply side, platinum production is heavily concentrated in South Africa, which has seen a decline in output, contributing to a tightening supply situation [13]. - The current price of platinum futures has reached over $1300 per ounce, marking a five-year high, reflecting the ongoing high demand and limited supply [9].