Shouchuang Futures: Market Fluctuations, Platinum and Palladium Rebound

Yesterday, the market shifted from panic to moderation, and precious metals plummeted. Today, after a sharp decline in platinum and palladium, there was a rebound, with palladium rising nearly 5% and platinum increasing by over 3%. In terms of news, the U.S. and Iran hold differing views, but from a practical standpoint, there are no signs of easing in the conflict. The market’s rebound may be limited; however, due to the previous panic sell-off, risks are somewhat priced in, and the short-term downside may be constrained unless a more pessimistic situation arises. Moving forward, pay attention to the impact of energy shocks on South Africa, the main production area for platinum and palladium. (CICC Futures)

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