What Are Palladium Futures?
Palladium futures are traded on the NYMEX under the symbol PA, with each contract representing 100 troy ounces of the metal and priced in U.S. dollars and cents per troy ounce. Trading is conducted over 15 months beginning with the current month and the next two calendar months before moving into the quarterly cycle of March, June, September, and December.
Palladium futures are for physical delivery, and delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the delivery month, but not later than the last business day of the current delivery month.
Palladium delivered under NYMEX futures contracts must be a minimum of 99.95% pure.
Resources for palladium futures include: