Shouchuang Futures: The market is once again signaling easing news, platinum and palladium rebound

2026-03-27 18:17:21

Yesterday afternoon, news of geopolitical easing was reported, leading to a significant narrowing of crude oil’s gains, and during the night session, there was even a moment of retracement of those gains, raising market concerns. Today, precious metals experienced some rebounds, with platinum and palladium opening high and moving higher; platinum’s gains at one point exceeded 5%, while palladium’s gains exceeded 4%. From the current development of the situation, although there are occasional reports of easing, the fact that the Strait remains restricted does not change, and the conflict between the U.S. and Iran continues. Crude oil prices remain above $90, and it is still not advisable to be optimistic about the future market. Persistently high oil prices have started to impact the cost of using fuel vehicles, which is unfavorable for platinum and palladium demand. Currently, the potential for platinum and palladium to rebound seems limited. (CICC Futures)

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