Platinum Prices Stopped Falling and Rebounded, with Relatively Active Trading in the Spot Market [SMM Daily Review]

Published: Mar 24, 2026 14:38

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Platinum prices stopped falling and rebounded today, with the most-traded platinum contract PT2606 on the Guangzhou Futures Exchange closing the morning session at 480.2 yuan/g, up 2.08%. In the spot market, spot platinum was quoted at discounts of 5-7 yuan/g against PT2606, or at discounts of 2-4 yuan/g against the SGE benchmark selling price 1. The price spread between SGE benchmark selling price 1 and the GFEX 06 contract ended its inversion, while spot discounts were basically flat from the previous trading day. In terms of spot transactions, SMM learned that suppliers reported reduced market availability and increased reluctance to sell, while some traders said their spot cargo had sold out. Downstream demand continued to recover with active inquiries, and overall trading in the spot market was relatively brisk.

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