Platinum Prices Edged Up Intraday, Wait-and-See Sentiment Still Dominated on the Consumption Side [SMM Daily Review]

Published: Apr 20, 2026 13:06

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Platinum prices edged up today. The most-traded PT2606 contract on the Guangzhou Futures Exchange closed at 529 yuan/gram in the morning session, up 0.47%. Spot market, mainstream quotations from spot platinum traders in the morning session were at a discount of 5-6 yuan/gram to PT2606, basically flat compared to the previous trading day. Trading activity, sluggish spot consumption remained unchanged. According to SMM, offers at a discount of 5-6 yuan/gram in the morning session were difficult to close. Some trading firms engaging in both spot and futures markets continued to hold prices firm in anticipation of narrowing discounts due to delivery intentions. Meanwhile, downstream enterprises remained mostly on the sidelines for procurement, with purchase intention prices around an 8 yuan/gram discount to the most-traded contract and trading volume remaining low. Overall spot market trading remained sluggish.

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