[SMM Platinum and Palladium Daily Review] Platinum and palladium futures fluctuated upward intraday, with international market prices showing a significant increase.

Published: Dec 10, 2025 18:00

[SMM Platinum and Palladium Market Daily Review] Futures: On December 10, platinum's most-traded contract PT2606 and palladium's most-traded contract PD2606 fluctuated upward overall, with PT2606 closing up at 444.45 yuan per gram, up 1.08% from the previous trading day's settlement price; PD2606 closed down at 387.65 yuan per gram, up 1.08% from the previous trading day's settlement price. Futures trading: On December 9, PT2606's trading volume was 10,263 lots, and PD2606's trading volume was 5,855 lots, both basically flat compared to the previous trading day's volume; PT2606's open interest was 10,091 lots, down 715 lots from the previous trading day, with some positions exiting in the morning session; PD2606's open interest was 3,352 lots, down 71 lots from the previous trading day. Spot: SMM spot platinum rose 3 yuan per gram MoM to 428 yuan per gram; the Shanghai Gold Exchange's spot platinum traded 12 lots today, closing at 438.05 yuan per gram; SMM spot palladium (imported) rose 7 yuan per gram MoM to 383.5 yuan per gram.

International markets: Last night, both platinum and palladium international spot prices saw significant gains, with platinum closing up at $1,688.90 per ounce, up 2.58%; palladium broke through $1,500 per ounce last night, closing up at $1,507 per ounce, up 2.27%. Last night, NYMEX platinum and palladium most-traded contracts fluctuated upward, with NYMEX platinum 2601 contract closing at $1,708.1 per ounce, up 2.87%; NYMEX palladium 2603 contract closing at $1,549.5 per ounce, up 2.22%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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