Platinum Prices Continued Their Rebound, While Spot Trading Turned Somewhat Subdued [SMM Daily Review]

Published: Mar 25, 2026 11:56

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<html><head></head><body>Platinum prices continued to pull back while moving higher today. The most-traded platinum contract PT2606 on the Guangzhou Futures Exchange closed the morning session at 507 yuan/g, up 5.87%, with the intraday gain once exceeding 8%. In the spot market, spot platinum was quoted at a discount of 6-8 yuan/g against PT2606, or at a discount of 2-4 yuan/g against the SGE sell-1 price, with spot discounts widening slightly from the previous trading day. As for spot transactions, SMM learned that suppliers reported tight market availability, while trading firms engaging in both spot and futures market actively made inquiries. However, mainstream quotations in the market did not show a significant widening in discounts, and the price spread between indicative prices and quoted prices was relatively large, resulting in limited actual transactions. Some downstream buyers made just-in-time procurement based on order conditions or temporarily stayed on the sidelines, and overall trading in the spot market turned somewhat lighter than yesterday.</body></html>

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