Platinum Prices Were in the Doldrums, and Trading in the Spot Market Was Relatively Light [SMM Daily Review]

Published: Mar 12, 2026 12:07

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<html><head></head><body>Platinum prices remained in the doldrums today. In early trading, the most-traded PT2606 platinum contract on the Guangzhou Futures Exchange closed at 562.45 yuan/g, down 1.42. In the spot market, spot platinum was quoted at a discount of 10-12 yuan/g against PT2606, or at a premium of 2-4 yuan/g against the SGE sell-1 price. Spot discounts were basically flat from the previous trading day. As for spot transactions, cargo holders and traders actively offered quotes. Some traders said supply in the market was currently ample, while downstream clients had relatively sufficient inventory and mainly stayed on the sidelines. Coupled with a clear cooling in investment demand, it was extremely difficult to hold prices firm and conclude deals, and overall trading in the spot market was subdued.</body></html>

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