铂钯期货

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备战新品种 | 铂钯基础知识及产业链概述
对冲研投· 2025-08-19 12:56
Core Viewpoint - The article discusses the upcoming launch of platinum and palladium futures on the Shanghai Futures Exchange, providing an overview of the platinum and palladium industry, including their properties, applications, and market dynamics [4][12]. Group 1: Platinum and Palladium Overview - Platinum and palladium are part of the platinum group metals, with low abundance in the Earth's crust, primarily found in South Africa, Russia, and Zimbabwe [4][5]. - Both metals exhibit excellent catalytic properties due to their unique electronic structures, which allow them to lower activation energy in chemical reactions [4][9]. - Common forms of platinum and palladium in circulation include metal ingots and sheets, with a purity requirement of at least 99.95% for trading [12][13]. Group 2: Industry Chain Structure - The platinum and palladium industry chain consists of three main segments: upstream exploration and mining, midstream refining and processing, and downstream applications and recycling [14][16]. - The demand for palladium is heavily concentrated in the automotive sector, while platinum has a more diversified demand across various industries, including automotive, jewelry, and investment [16]. Group 3: Demand Dynamics - The automotive industry is the largest consumer of both metals, with projections indicating that by 2025, automotive demand will account for 41% of platinum and 82% of palladium consumption [16]. - In the jewelry sector, platinum is favored for its durability and aesthetic qualities, contributing significantly to its demand, while palladium's jewelry consumption is minimal [16]. - Industrial applications for platinum are broader due to its superior stability, with approximately 28% of platinum demand coming from this sector, compared to only 16% for palladium [16].
宏源期货沪镍日报-20250604
Hong Yuan Qi Huo· 2025-06-04 05:39
[table_reportdate] 铂钯期货系列专题 2025 年 6 月 铂钯期货系列专题三之 钯基础知识与生产工艺及成本 [table_main] 宏源公司类模板 报告摘要: [table_research] 分析师:王文虎(F03087656,Z0019472) 研究所 金属研究室 Tel:010-82293558 Email:wangwenhu@swhysc.com 相关研究 《美联储货币政策存变数 贵金属市场 等待新驱动》,期货日报 《沪镍 重心将震荡下移》,期货日报 《铜价重心下移但难回 2020 年以前水 平》,期货日报 《低库存使铜价下跌具有抵抗性》,期 货日报 《冲突螺旋式升级间接支撑有色金属》, 期货日报 《青山做空伦镍险遭百亿美元浮亏?但 镍价终将回归产业运行逻辑》,腾讯财 经 《全球镍仍在持续去库 短期供需仍然 偏紧》,金融界 《央行降准后结构性宽松仍可期》,金 融界 《避险需求支撑趋弱,黄金中期中心将 下移》,期货日报 《两大因素主导金价走势》,期货日报 《有色 重心逐步下移》,期货日报 《沪铜:谨慎追涨》,期货日报 《黄金 中长线配置时点仍需等待》, 期货日报 期货(期权)研究报 ...