Platinum prices were in the doldrums during the day, with a strong holiday atmosphere and relatively sluggish spot trading. [SMM Daily Review]

Published: Feb 12, 2026 12:02

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Platinum prices were in the doldrums today. The most-traded platinum PT2606 contract on the Guangzhou Futures Exchange closed the morning session at 550.55 yuan/gram, down 0.15%. Spot prices against the PT2606 contract were quoted at a discount of 2-6 yuan/gram. The sell side of the PT2606 contract on the Gold Exchange ended its inverted spread, while spot discounts showed relatively small changes compared with the previous trading day. In spot trading, some end-users began just-in-time procurement ahead of the holiday, but suppliers significantly reduced their offers as the holiday approached, resulting in sluggish spot transactions.

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