Platinum Prices Hold Up Well, Spot Discounts Narrow with Thin Trading [SMM Daily Review]

Published: Feb 11, 2026 11:58

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Platinum prices fluctuated upward today. The most-traded platinum contract PT2606 on the Guangzhou Futures Exchange closed the morning session at 539.15 yuan per gram, dropping slightly by 0.19%. For spot prices, platinum spot cargo against PT2606 was quoted at a discount of 0–4 yuan/gram. The sell side of the Gold Exchange's 1-PT2606 contract ended the price inversion, and spot discounts narrowed compared with the previous trading day, mainly due to the narrowing spread between domestic and overseas markets. In terms of spot transactions, according to SMM, just-in-time procurement by end-users was scarce. Some end-users reported that pre-holiday stockpiling for replenishment had been completed. Meanwhile, as investment enthusiasm cooled, overall market wait-and-see sentiment was strong before the holiday, and spot transactions were generally thin.

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