On December 30, the domestic futures market rapidly weakened after opening, and precious metals and some new energy and non-ferrous commodities were collectively under pressure. Among them, platinum and palladium futures both fell to a halt, a decline of 13%; gold and silver made a sharp correction, and Shanghai silver once fell 6%; lithium carbonate fell by more than 7%, and Shanghai copper fell by more than 4% at one point. Strong breeds that previously made great strides “collectively changed their faces” at almost the same time. Industry insiders believe that this round of decline was not triggered by a single negative trend, but rather the result of cooling regulations, loosening capital congestion and transactions, and reversing sentiment. After experiencing a continuous rise, the precious metals market is paying adjustment costs for the rapid rise. Wu Zijie, a researcher at Jinrui Futures, pointed out that the core cause of this sharp decline was the decisive cooling of the supervisory authorities and the overcrowding of capital. The adjustments in trading limits and minimum opening volume implemented by the Guangzhou Securities Exchange on the 29th significantly curbed excessive speculation, compounding the financial pressure brought about by CME Group's margin increase, which forced the huge profit market accumulated earlier to be realized centrally. Guoxin Futures pointed out that since December, platinum and palladium have accumulated significant increases, driven by capital inflow and sector rotation. Prices have moved away from short-term fundamental support to a certain extent, and there is technical overbuying pressure. It is worth noting that this price adjustment is not due to a fundamental deterioration in the supply and demand structure of platinum and palladium itself.

On December 30, the domestic futures market rapidly weakened after opening, and precious metals and some new energy and non-ferrous commodities were collectively under pressure. Among them, platinum and palladium futures both fell to a halt, a decline of 13%; gold and silver made a sharp correction, and Shanghai silver once fell 6%; lithium carbonate fell by more than 7%, and Shanghai copper fell by more than 4% at one point. Strong breeds that previously made great strides “collectively changed their faces” at almost the same time. Industry insiders believe that this round of decline was not triggered by a single negative trend, but rather the result of cooling regulations, loosening capital congestion and transactions, and reversing sentiment. After experiencing a continuous rise, the precious metals market is paying adjustment costs for the rapid rise. Wu Zijie, a researcher at Jinrui Futures, pointed out that the core cause of this sharp decline was the decisive cooling of the supervisory authorities and the overcrowding of capital. The adjustments in trading limits and minimum opening volume implemented by the Guangzhou Securities Exchange on the 29th significantly curbed excessive speculation, compounding the financial pressure brought about by CME Group's margin increase, which forced the huge profit market accumulated earlier to be realized centrally. Guoxin Futures pointed out that since December, platinum and palladium have accumulated significant increases, driven by capital inflow and sector rotation. Prices have moved away from short-term fundamental support to a certain extent, and there is technical overbuying pressure. It is worth noting that this price adjustment is not due to a fundamental deterioration in the supply and demand structure of platinum and palladium itself.