Platinum prices were in the doldrums during the day, with a strong holiday atmosphere and sparse spot platinum transactions. [SMM Daily Review]

Published: Feb 12, 2026 12:02

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Platinum prices were in the doldrums today. The most-traded platinum contract PT2606 on the Guangzhou Futures Exchange closed the morning session at 550.55 yuan per gram, down 0.15%. Spot prices against PT2606 were quoted at a discount of 2-6 yuan per gram. The sell side of the PT2606 contract on the Gold Exchange ended the price inversion, while spot discounts showed relatively small changes compared with the previous trading day. In terms of spot transactions, according to SMM, end-users have largely completed their just-in-time procurement, and suppliers significantly reduced their quotations. With the approaching Chinese New Year holiday, the atmosphere intensified, accompanied by a cooling investment enthusiasm, leading to very thin spot trading.

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