Platinum Prices Fluctuated and Consolidated, Spot Market Remained Sluggish [SMM Daily Review]

Published: Feb 10, 2026 11:45

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Platinum prices consolidated today, with the most-traded PT2606 contract on the Guangzhou Futures Exchange closing the morning session at 539.15 yuan per gram, down slightly by 0.19%. Spot side, spot platinum against PT2606 was quoted at a discount of 4-8 yuan per gram, with the Shanghai Gold Exchange's sell 1-PT2606 showing an inverted spread; spot discounts widened compared with the previous trading day. Regarding spot transactions, according to SMM, end-users' willingness to make just-in-time procurement weakened, with some end-users reporting that pre-holiday stockpiling was largely completed. Coupled with cooling investment enthusiasm, overall market wait-and-see sentiment was strong, and some suppliers opted to widen discounts to boost shipments, keeping overall spot trading persistently sluggish.

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