Core Viewpoint - The Guangzhou Futures Exchange has announced a public consultation regarding the futures and options contracts for platinum and palladium, which will provide effective risk management tools for related industries and promote high-quality development of the industrial chain [1][6]. Group 1: Announcement Details - The consultation includes multiple documents such as the draft contracts for platinum and palladium futures and options, as well as business rules [3]. - Platinum futures contract code is PT, and palladium futures contract code is PD, with a trading unit of 1000 grams per contract and a minimum price fluctuation of 0.05 yuan per gram [3]. - The contracts will have a price limit of 4% based on the previous trading day's settlement price and a minimum margin of 5% of the contract value [3][4]. Group 2: Delivery and Trading Rules - The delivery method for platinum and palladium futures will include physical delivery, with a delivery unit of 1000 grams [3]. - A brand delivery system will be implemented, requiring delivery goods to be registered brands published by the exchange [4]. - Position limits will be set based on the trading volume, with specific limits for both platinum and palladium contracts [4]. Group 3: Market Context and Demand - Platinum and palladium are crucial raw materials for green industries, including automotive catalytic converters and hydrogen energy [7]. - The demand for hedging tools has increased due to heightened price volatility in the market, with platinum prices rising over 50% this year and palladium prices increasing over 30% [6][8]. - The supply of platinum and palladium is stable globally, but is influenced by factors such as power shortages in South Africa and geopolitical issues in Russia [8].