Platinum Prices Edged Up Intraday, Spot Discounts Held Steady and Market Transactions Were Normal [SMM Daily Review]

Published: Mar 31, 2026 11:57

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Platinum prices fluctuated upward today, with the most-traded platinum contract PT2606 on the Guangzhou Futures Exchange closing the morning session at 494.2 yuan/gram, up slightly by 0.39. In the spot market, spot platinum was quoted at a discount of 7-9 yuan/gram against PT2606, or at a discount of 3-5 yuan/gram against the SGE selling price 1. Spot discounts were basically flat from the previous trading day. In terms of spot transactions, SMM learned that suppliers reported normal market order conditions. In early trading, spot platinum quoted at a discount of 7 yuan/gram against the Guangzhou Futures Exchange was difficult to transact, while purchase interest was around a discount of 10 yuan/gram against the Guangzhou Futures Exchange. Later, as futures prices fell in the morning session, downstream enterprises made small-volume purchases based on order conditions, and overall transactions in the spot market were normal.

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