铂钯巨震：暴涨后又2连跌停！啥情况？

Core Viewpoint - The recent significant price fluctuations of platinum and palladium have raised concerns, with both metals experiencing consecutive price drops after a period of substantial gains, indicating potential volatility risks in the short term [2][4][11]. Price Fluctuations - Platinum and palladium prices have seen dramatic changes, with platinum futures dropping by 13% to 589.85 yuan per gram and palladium futures also falling by 13% to 447.45 yuan per gram [4]. - The maximum adjustment for both platinum and palladium futures from their recent highs has been around 20%, which is significantly greater than the adjustments seen in gold and silver during the same period [4]. - Prior to this decline, platinum futures had surged over 70% and palladium futures nearly 60% within a month starting from late November [4]. Market Reactions - Analysts attribute the price drop to a general correction in the precious metals sector, profit-taking by investors, and a slight increase in leasing rates for platinum, while palladium rates remained stable [5][11]. - Companies like Yunnan Copper are implementing cost-reduction strategies and enhancing the recovery of high-value metals to improve profitability amidst price volatility [7]. - Huayang New Materials claims competitive advantages in the purification technology of platinum and palladium, positioning itself well in the industry [7]. Future Outlook - Short-term volatility risks for platinum and palladium prices are anticipated, but medium to long-term demand for platinum is expected to grow due to stable automotive catalyst needs and the hydrogen energy sector [11]. - The U.S. Department of Commerce's investigation into palladium imports from Russia may tighten supply temporarily, providing some price support, although long-term fundamentals may exert downward pressure on palladium prices [11]. - Adjustments in trading rules for futures contracts, including increased price fluctuation limits and margin requirements, are set to take effect, reflecting the heightened volatility in the market [11].