Platinum futures non-commercial bulls rose slightly 140, rising for the third consecutive week. The number of non-commercial short positions decreased by 4466 from last month, which was the eighth consecutive week of decline. On the whole, while the short position has been greatly reduced, the long position has continued to increase, and the net long position of platinum has continued to rise. Up to now, the net long position of platinum has reached a high level since the end of March this year. We expect that the bulls in the market will further occupy the market initiative, expand their net position advantage and push the auction price to hit the high point of the year.