Platinum Prices Dropped Slightly; Spot Market Discounts Were Stable With Thin Trading [SMM Daily Review]

Published: Mar 13, 2026 12:02

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Platinum prices dropped slightly, and in the morning session the most-traded PT2606 platinum futures contract on the Guangzhou Futures Exchange closed at 554.8 yuan/g, down 1.37%. In the spot market, spot platinum was quoted at a discount of 10-12 yuan/g against PT2606, or at a discount of 2-4 yuan/g against SGE Sell 1. Spot discounts were basically flat from the previous trading day. In terms of spot transactions, traders holding cargoes actively offered quotes. Some traders reported that supply was currently relatively ample while the market remained subdued, and that most downstream clients had sufficient inventory and mainly stayed on the sidelines. Only some downstream buyers negotiated small-volume purchases based on order demand. Coupled with the continued cooling of investment demand, deals were relatively difficult to conclude, and overall trading in the spot market was lackluster.

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