[SMM Platinum and Palladium Express] Platinum and palladium fluctuate upward in the international market.

During yesterday's night session, NYMEX platinum and palladium the most-traded contracts fluctuated upward, with the NYMEX platinum 2601 contract closing at $1,708.1 per ounce, up 2.87%, and the NYMEX palladium 2603 contract closing at $1,549.5 per ounce, up 2.22%. Recent precious metal price movements have mainly revolved around expectations for US Fed interest rate cuts, spot market delivery squeezes, and the Russia-Ukraine conflict. Attention should be paid to Thursday's US Fed FOMC meeting interest rate decision, the new manager announced by the LME, and developments in the Russia-Ukraine conflict. WPIC Research Director Edward Sterck pointed out that by 2026, with the easing of trade tensions, the platinum market's supply-demand balance may tend toward equilibrium. Due to the discontinuity between domestic and overseas markets, platinum and palladium opening prices often reference overseas night session conditions, and investors should also monitor international market trading prices and be wary of opening gap phenomena.