Platinum and Palladium Futures Fell Significantly Intraday, with the Spot-Futures Price Spread of the Most-Traded Platinum Contract on the Shanghai Gold Exchange Inverted [SMM Platinum and Palladium Futures Daily Review]

On January 8, the most-traded platinum futures contract PT2606 and the most-traded palladium futures contract PD2606 both fell significantly during the day, with PT2606 closing at 575 yuan per gram, down 6.72%, and PD2606 closing at 460.7 yuan per gram, down 3.57%. In terms of futures trading: on January 8, the trading volume of PT2606 was 51,507 lots, and that of PD2606 was 35,013 lots; the open interest of PT2606 was 31,499 lots, a decrease of 763 lots from the previous trading day, while the open interest of PD2606 was 12,705 lots, an increase of 87 lots from the previous trading day. The spot price of platinum 9995 on the Shanghai Gold Exchange closed at 579.73 yuan per gram, and the spot-futures price spread between the Shanghai Gold Exchange and the most-traded platinum futures contract inverted.