Platinum Prices Fell Sharply, and Spot Trading Recovered [SMM Daily Review]

Published: Mar 16, 2026 12:11

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<html><head></head><body>Platinum prices fell sharply today. In early trading, the most-traded platinum contract PT2606 on the Guangzhou Futures Exchange closed at 528.95 yuan/g, down 4.18%. In the spot market, spot platinum was quoted at discounts of 7-9 yuan/g against PT2606, or at discounts of 3-5 yuan/g against the SGE Sell 1 price, with spot discounts narrowing slightly from the previous trading day. In terms of spot transactions, cargo-holding traders actively offered quotes. Downstream purchase willingness improved today due to order demand and lower spot prices. Some traders reported that platinum transactions were relatively good today, and overall trading in the spot market recovered somewhat.</body></html>

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