Platinum Prices Held Up Well, Spot Market Trading Remained Subdued [SMM Daily Review]

Published: Apr 10, 2026 14:58

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Platinum prices held up well today. The most-traded PT2606 contract on the Guangzhou Futures Exchange closed at 522.35 yuan/gram in the morning session, up 1.78%. Spot side, mainstream quotations for spot platinum in the morning session were at a discount of 5–7 yuan/gram to PT2606, with the spot discount narrowing slightly compared to the previous trading day. Spot transactions side, according to SMM, most suppliers held prices firm due to cost considerations and delivery intentions, while some traders reported that a small amount of spot platinum from recycling plants was being sold at relatively low absolute prices, which lowered downstream consumers' acceptance of mainstream quotations. Morning spot offers at a 5–7 yuan/gram discount to the Guangzhou Futures Exchange were difficult to transact. Downstream consumption remained weak overall, with a wait-and-see attitude prevailing. Some enterprises made small purchases through price negotiation to meet rigid demand, and the spot market saw generally sluggish trading.

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