Platinum Prices Fluctuated Upward, Low Downstream Purchase Willingness Led to Thin Trading [SMM Daily Review]

Published: Apr 14, 2026 11:53

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Platinum prices fluctuated upward today. The most-traded PT2606 contract on the Guangzhou Futures Exchange closed at 524 yuan/gram in the morning session, up 1.57%. Spot side, mainstream quotations for spot platinum in the morning session were at a discount of 4–6 yuan/gram to PT2606, basically flat compared with the previous trading day. Spot transactions side, according to SMM, most suppliers held prices firm due to holding costs, delivery intentions, and other factors, while the consumption side showed low acceptance of mainstream market quotations, with a large price spread between bid and ask prices. Morning session spot quotations at a discount of 4–5 yuan/gram to the Guangzhou Futures Exchange were difficult to transact. Downstream consumption was generally weak, with a wait-and-see attitude prevailing. Some enterprises made small purchases through negotiation to meet rigid demand, and the spot market saw overall sluggish trading.

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