Platinum Prices Stop Falling and Stabilize, Spot Market Transactions Recover [SMM Daily Review]

Published: Feb 3, 2026 12:04

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Platinum prices stopped falling and stabilized today. The most-traded contract platinum 2606 on the Guangzhou Futures Exchange opened low but quickly rose, closing at 560 yuan per gram, up 1.20%. Spot side, spot platinum against the 2606 contract was at a discount of 6-10 yuan per gram, or quoted at a discount of 3-7 yuan per gram against the Gold Exchange. Spot trades side, according to SMM surveys, terminal clients purchased for stockpiling at short-term lows, while some suppliers reported tight supply and held prices firm, with overall market transactions recovering.

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