Intraday Platinum Prices Rose Sharply, While Spot Trading Softened [SMM Daily Review]

Published: Mar 10, 2026 12:06

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<html><head></head><body>Platinum prices surged sharply intraday. The most-traded PT2606 contract on the Guangzhou Futures Exchange opened at 560 yuan/gram in the morning session, then held up well, with the peak gain exceeding 6%. It eventually closed the morning session at 565.1 yuan/gram, up 4.74%. In the spot market, spot platinum was quoted at a discount of 9–12 yuan/gram against PT2606, or at a discount of 1–4 yuan/gram against the Shanghai Gold Exchange’s Sell 1. Spot discounts widened compared with the previous trading day. As for spot transactions, according to SMM, the notable intraday rise in platinum prices led downstream enterprises to mostly stay on the sidelines and temporarily suspend purchases. Some traders holding cargo said the bid-ask spread was wide, making deals difficult to conclude, and spot market trading turned weaker than yesterday.</body></html>

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