Palladium Futures Trading Basics

Palladium futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of palladium (eg. 100 troy ounces) at a predetermined price on a future delivery date.

Some Facts about Palladium

Palladium is a hard, silver-white metal which is usually found alloyed with other metals of the platinum group in platinum ores. Like platinum, palladium has excellent catalytics properties and are often used as catalyst, such as in catalytic converters on automobiles. [Click here to learn about the main uses of Palladium...]

Palladium Futures Exchanges

You can trade Palladium futures at New York Mercantile Exchange (NYMEX) and Tokyo Commodity Exchange (TOCOM).

NYMEX Palladium futures prices are quoted in dollars and cents per ounce and are traded in lot sizes of 100 troy ounces .

TOCOM Palladium futures are traded in units of 500 grams (16.08 troy ounces) and contract prices are quoted in yen per gram.

Exchange & Product NameSymbolContract SizeInitial Margin
NYMEX Palladium Futures
(Price Quotes)
PA100 troy ounces
(Full Contract Spec)
USD 2,750 (approx. 15%)
(Latest Margin Info)
TOCOM Palladium Futures
(Price Quotes)
-500 grams
(Full Contract Spec)
JPY 60,000 (approx. 23%)
(Latest Margin Info)

Palladium Futures Trading Basics

Consumers and producers of palladium can manage palladium price risk by purchasing and selling palladium futures. Palladium producers can employ a short hedge to lock in a selling price for the palladium they produce while businesses that require palladium can utilize a long hedge to secure a purchase price for the commodity they need.

Palladium futures are also traded by speculators who assume the price risk that hedgers try to avoid in return for a chance to profit from favorable palladium price movement. Speculators buy palladium futures when they believe that palladium prices will go up. Conversely, they will sell palladium futures when they think that palladium prices will fall.

Learn More About Palladium Futures & Options Trading

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