商 品 研 究 2025 年 12 月 29 日 铂：多头情绪仍然饱满 钯： 震荡上行 刘雨萱 投资咨询从业资格号：Z0020476 liuyuxuan023982@gtjas.com 请务必阅读正文之后的免责条款部分 1 【基本面跟踪】 铂钯基本面数据 | 昨日收盘价 | | | | | 涨幅 | | --- | --- | --- | --- | --- | --- | | 705. 30 | 铂金期货2606 | | | | 2. 67% | | 662. 15 | 金交所铂金 | | | | 11. 99% | | 2513. 90 | 纽约铂主连(前日) | | | | 10. 60% | | 2459. 50 | 伦敦现货铂金(前日) | | | | 9.17% | | 515. 65 | 纪金期货2606 | | | | -2.53% | | 429.00 | 人民币现货纪金 价格 | | | | 3.13% | | 2, 060. 50 | 纽约兜主连(前日) | | | | 13. 15% | | 1.925.00 | 伦敦现货锂金(前日) | | | | 11. 69% | | 昨日成交 ...

Core Insights - The total scale of ETFs in the domestic market reached a historic high of 4.3 trillion, with stock ETFs accounting for over 70% of this total [1] Group 1: ETF Scale and Composition - The scale of stock ETFs reached 3.03 trillion, representing more than 70% of the total ETF market [1] - The Huatai-PB CSI 300 ETF leads with a scale of 374.7 billion, maintaining a significant lead [1] - There are six ETFs with a scale exceeding 100 billion, including four beyond the CSI 300, as well as the Huaxia SSE 50 ETF and the Southern CSI 500 ETF [1] Group 2: Net Inflows - Total net inflows into ETFs amounted to 297.4 billion this year [1] - Bond ETFs saw the highest net inflow of 175.784 billion, ranking first [1] - Commodity ETFs, represented by gold, had a net inflow of 62.9 billion, placing second, while stock ETFs experienced a net inflow of 62 billion [1] Group 3: QDII-ETF Performance - QDII-ETFs recorded a net outflow of approximately 7 billion, marking it as the only ETF type with a net outflow in the first half of the year [1]