Platinum Prices Continued to Hold Up Well, Downstream Buyers Mostly Waited and Watched as Trading Remained Sluggish [SMM Daily Review]

Published: Apr 15, 2026 11:57

Save

Platinum prices held up well today. The most-traded GFEX platinum contract PT2606 closed the morning session at 534.8 yuan/gram, up 1.71%, with the intraday high breaking through 3% to reach 544.65 yuan/gram. Spot side, mainstream quotations from spot platinum traders in the morning session were at a discount of 5-7 yuan/gram against the PT2606 contract, with the spot mainstream quotation discount widening compared to the previous trading day. Spot transactions side, according to SMM, most traders holding inventory continued to hold prices firm due to cost considerations and delivery intentions, with basically no transactions concluded at the discount of 5-7 yuan/gram. When futures prices hit intraday highs in the morning session, the absolute spot prices from upstream, when converted, showed a discount of over 10 yuan/gram against the GFEX 06 contract. The consumption side showed low acceptance of mainstream market quotations, with the price spread between bids and offers remaining wide. Downstream consumption was generally poor, with a wait-and-see stance prevailing. Some enterprises made small purchases through negotiation to meet rigid demand, and overall spot market transactions remained sluggish.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

31 mins ago

Platinum Prices Pull Back Intraday; Spot Market Discount Slightly Widens Amid Sluggish Consumption [SMM Daily Review]

31 mins ago

47 mins ago

Silver Ingot Premiums Near Parity, Sparse Transactions Amid Discounted Offers in Shenzhen Market

[SMM Precious Metals Market News] Although mainstream quotations for premiums on silver ingots from the Shanghai area and smelter pick-ups against the SGE Ag(T+D) were near parity today, individual suppliers offered shipments at a discount of 10 yuan/kg. However, actual transactions were sparse. Some market traders mentioned that non-registered brand silver ingots were being dumped at a discount of 50 yuan/kg in the Shenzhen market, impacting the market. Downstream buyers remained cautious and on the sidelines, and purchasing enthusiasm was still poor.

47 mins ago

1 hour ago

Controversial Mega Goldmine Plan Sparks Alarm in Central Otago

A plan by Santana Minerals to build a massive goldmine in Central Otago includes pits up to 1km long and 300m deep. The project could generate around $6 billion and hundreds of jobs, but critics warn of toxic waste, water contamination, and earthquake risks. A fast-track decision is expected later this year.

1 hour ago