Group 1 - The platinum market has experienced a significant surge, with prices increasing by 31% over four weeks since mid-May [1] - Many jewelry stores are adjusting their sales strategies, expanding platinum displays and increasing inventory due to rising consumer interest [1][3] - Platinum is now being promoted as a more affordable alternative to gold, with its price being approximately 40% of gold's price, leading to a shift in consumer purchasing behavior [3] Group 2 - The global platinum market has faced a supply shortage for three consecutive years, with a reported shortfall of 25 tons in the first quarter of 2025, marking the largest seasonal deficit in six years [5][6] - The price of platinum reached a nearly ten-year high of $1285.58 per ounce on June 11, driven by supply-demand dynamics and strong investment sentiment [5][6] - Despite the current market enthusiasm, some institutions express caution regarding the sustainability of price increases, citing potential risks from hydrogen technology commercialization and recovery in South African mining [6]

近期铂金涨价，从全球视角来看后续持续性 20250608 近年来铂金市场经历了哪些重大变化？ 近年来铂金市场经历了显著变化。2025 年一季度全球产量仅 45 吨，同比下降 10%，而同期全球消耗 71 吨，同比增长 10%。库存拉响红色警报，全球地上 库存仅存 67 吨，仅够全球使用 3 个月，而行业安全线为 6 个月。近期伦敦现 货价格突破 1,170 美元每盎司，中国上海黄金交易所价格达到 277 元每克，双 双创下一年新高，年初至今暴涨 20%。 摘要 2025 年一季度全球铂金产量同比下降 10%至 45 吨，而需求同比增长 10%至 71 吨，导致库存告急，地上库存仅够全球使用 3 个月，远低于 6 个月的安全线，推动伦敦现货价格突破 1,170 美元/盎司，上海金交所 价格达 277 元/克，年初至今上涨 20%。 铂金价格上涨主要受宏观经济变局（如美联储降息预期）、供需裂口 （产量暴跌与需求逆增）及产业韧性（金融波动影响有限，产业短缺是 定价核心）三重因素驱动，美国非农数据超预期后黄金下跌，但铂金持 稳高位印证了这一点。 2024 年初以来，铂金价格受南非电力危机、津巴布韦出口税、美元走 弱、 ...