两大新能源金属期货来了！广期所最新发布

Core Viewpoint - The announcement by Guangzhou Futures Exchange regarding the solicitation of opinions for platinum and palladium futures and options contracts aims to provide effective risk management tools for related industries, promoting high-quality development of the industrial chain [2][10]. Summary by Sections Announcement Details - The solicitation includes multiple documents such as the draft contracts for platinum and palladium futures and options, along with business rules [3]. - The trading codes for platinum and palladium futures are PT and PD, respectively, with a trading unit of 1000 grams per contract and a minimum price fluctuation of 0.05 yuan per gram [3]. Contract Specifications - The contract months are set for February, April, June, August, October, and December, with the last trading day being the 10th trading day of the contract month and the last delivery day being the third trading day after the last trading day [4]. - The delivery method is physical delivery, with a delivery unit of 1000 grams (net weight) [4]. Delivery and Risk Control - The delivery methods for platinum and palladium futures will follow established practices in the futures market, including spot-to-futures, rolling delivery, and one-time delivery [5]. - A brand delivery system will be implemented, requiring registered brands for delivery products, with specific procedures for inventory management [5]. Position Limits - For platinum contracts, if the open interest is less than or equal to 6000 lots, the position limit for a single client is 600 lots; if greater, the limit is 10% of the open interest [6]. - For palladium contracts, if the open interest is less than or equal to 3000 lots, the position limit is 300 lots; if greater, the limit is also 10% of the open interest [6]. Market Context - The demand for platinum and palladium is increasing due to their roles in green industries, particularly in automotive catalytic converters and new energy sectors [7]. - The supply-demand relationship for platinum and palladium is tightening, leading to increased price volatility and a growing need for hedging tools [8]. Price Trends - Year-to-date, platinum prices have shown a significant upward trend, surpassing $1400 per ounce, marking a rise of over 50% this year, while palladium prices have increased by over 30% [9]. - The global supply of platinum has remained stable at around 220-230 tons, while palladium supply is around 280-300 tons, with supply constraints influenced by geopolitical issues and energy shortages [9]. Future Developments - The Guangzhou Futures Exchange plans to refine the contracts and rules based on feedback to ensure they align with industry needs and expedite the launch of platinum and palladium products [9].