Palladium (PA) – Knowledge
Contract specs • Seasonality • Auto catalyst • COT • Reports • Producers • Trading notes
1️⃣ Contract Specifications
| Exchange / Symbol | NYMEX/COMEX / PA |
|---|---|
| Contract Size | 100 troy oz |
| Tick Size | $0.50/oz = $50 per contract |
| Point Value | $1.00/oz = $100 |
| Months | Mar, Jun, Sep, Dec |
| Settlement | Physical |
| Trading Hours | Globex nahe 23h; Liquidität US-Session. |
2️⃣ Seasonality Overview
Stark auto-zyklisch (Benzin-Katalysatoren). Spreads zu PL/Rh wichtig (Substitution).
3️⃣ Auto Catalyst Demand
- Emissionsstandards treiben Nachfrage
- Recycling ist wichtiger Angebotsfaktor
4️⃣ COT Insights
- Dünner Markt, Extreme beachten
- Funds vs. Hedger ähnlich PL
5️⃣ Key Drivers
- Auto-Daten, PMI, Substitutionsthemen
- Geopolitik/Mining (RU, SA)
6️⃣ Producers
- Russland, Südafrika, Kanada, USA
7️⃣ Costs & Risks
- Recycling-Fluss, Energie-/Mining-Kosten
- Policy/Auto-Standards
8️⃣ Correlations & Proxies
- Spread: PA-PL
- ETFs/CFDs: PALL, XPDUSD
9️⃣ Trading Notes / My Take
Sehr volatil und dünn — ich arbeite mit kleineren Größen, COT-Extremen und PA/PL-Spreads.
Disclaimer: Educational only.