SMM

[SMM Platinum and Palladium Market Daily Review] Futures: On December 11, the most-traded platinum contract PT2606 and the most-traded palladium contract PD2606 were both in the doldrums overall. PT2606 finally closed down at 442.4 yuan per gram, down 2.15% from the previous trading day's settlement price; PD2606 closed down at 385.25 yuan per gram, down 2.65% from the previous trading day's settlement price. Futures trading: On December 11, PT2606 recorded a trading volume of 7,324 lots, and PD2606 recorded a trading volume of 4,428 lots, both hitting record lows since the launch of platinum and palladium futures. PT2606 open interest was 10,349 lots, an increase of 258 lots from the previous trading day; PD2606 open interest was 3,475 lots, an increase of 123 lots from the previous trading day. Spot: SMM spot platinum rose 0.5 yuan per gram MoM to 428.5 yuan per gram; the Shanghai Gold Exchange spot platinum traded 44 lots today, closing at 437.52 yuan per gram; SMM spot palladium (imported) fell 4 yuan per gram MoM to 379.5 yuan per gram. International markets: Last night, international spot platinum and palladium saw a noticeable pullback after the previous day's rally. Platinum closed at $1,655.20 per ounce, down 2.00%; palladium closed at $1,473.43 per ounce, down 2.23%. NYMEX most-traded platinum and palladium contracts fluctuated and pulled back. The NYMEX platinum 2601 contract finally closed at $1,672.9 per ounce, down 1.62%; the NYMEX palladium 2603 contract closed at $1,507.0 per ounce, down 2.35%.