Core Insights - The Guangzhou Futures Exchange has launched platinum and palladium futures and options, with a total trading volume of 42.3 billion yuan on the first day [1] - Platinum futures closed at 430.30 yuan per gram, up 6.25%, while palladium futures closed at 370.60 yuan per gram, up 1.53% [1][2] - The introduction of these futures is expected to enhance risk management for companies in the platinum group metals industry, which is crucial for sectors like automotive emissions control and green energy [1][4] Market Performance - Platinum prices have surged over 80% this year, significantly outpacing gold's 58% increase [2] - The demand for platinum is expected to face a decline in industrial applications, but jewelry and investment demand are projected to grow [3] Investment Trends - The launch of platinum and palladium futures is anticipated to increase the allocation of these metals in investment portfolios, driven by their industrial demand and green energy transition [2][3] - China's investment demand for platinum has seen a remarkable increase, with a 140% year-on-year rise in the first quarter, making it the largest retail investment market for platinum globally [3] Risk Management Tools - The new futures and options are designed to help companies in the platinum and palladium supply chain manage price volatility and stabilize operations [4][5] - The futures market is expected to improve price discovery and enhance the international influence of China's platinum group metals industry [4][5]