Intraday Platinum Prices Fell, with Relatively Active Spot Trading [SMM Daily Review]

Published: Mar 9, 2026 12:04

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Platinum prices fell during the day. The most-traded PT2606 contract on the Guangzhou Futures Exchange opened lower at 534 yuan/gram in the morning session, then fluctuated and rebounded, closing the morning session at 545.2 yuan/gram, down 2.17%. In the spot market, spot platinum prices against PT2606 were quoted at a discount of 6–8 yuan/gram, or at a discount of 2–4 yuan/gram against the Shanghai Gold Exchange’s Sell 1. Spot discounts narrowed compared with the previous trading day. As for spot transactions, according to SMM, end-users actively negotiated prices and bought the dip, while some traders holding cargo actively offered quotes; trading in the spot market was relatively active.

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