Platinum Fluctuated Intraday, Spot Market Discounts Failed to Boost Sluggish Trading [SMM Daily Review]

Published: Apr 7, 2026 12:05

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Platinum prices traded in a range today. The most-traded PT2606 contract on the Guangzhou Futures Exchange closed at 501.25 yuan/gram in the morning session, down slightly by 0.20%. Spot side, mainstream quotations for spot platinum in the morning session were at a discount of 5–8 yuan/gram to PT2606, or quoted at 1–4 yuan/gram against the Shanghai Gold Exchange's sell-1 price. The spot quotation discount remained basically flat compared with the previous trading day, while spot market quotations varied significantly. Spot transactions side, according to SMM, most suppliers held prices firm due to cost considerations and delivery intentions, and generally reported that morning spot quotations at a 5–8 yuan/gram discount to the Guangzhou Futures Exchange were difficult to transact. Downstream consumption was weak, with some enterprises making only small just-in-need purchases, and overall spot market transactions remained sluggish.

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