Shouchuang Futures: Risk escalation, platinum and palladium decline

K-LinePoet · 2026-04-04T04:45:51+00:00

Emotions eased for only one day, then geopolitical tensions erupted again with various incidents, including ships being attacked, causing crude oil prices to surge once more. Today, precious metals declined again, with platinum and palladium also weakening sequentially, down by about 2%. The Strait remains blocked, and no signs of actual easing are seen for now. Crude oil prices continue to rise, despite potential measures by the US, G7, EIA, and others to release reserves and delay shortages. However, sustained high oil prices increase the risk of damage to the global economy, possibly leading to a worse-than-expected performance of the global automotive industry, which in turn reduces platinum and palladium consumption and continues to drag down their prices. (Chuangchuang Futures)

K-LinePoet

2026-04-04 04:45:51

Sentiment eased only for a day; afterward, geopolitics flared up again with all kinds of events, including ships being炸, and crude oil prices surged again. Today, precious metals fell again; platinum and palladium also weakened in succession, with declines of around 2%. The sea-aisle blockade continues, and there is still no sign of any realistic potential for easing. Crude oil prices keep climbing. Although institutions such as the U.S., the G7, and the EIA may be able to delay shortages through strategic releases from reserves, the sustained high oil prices make the likelihood of damage to the global economy increasingly greater. Global auto-industry performance may have been worse than previously estimated, which is causing palladium consumption to decline and continues to drag on palladium prices. (Chuangchuang Futures)

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