In early trading, platinum prices opened significantly higher before narrowing their gains to fluctuate around 6%. The discount of domestic spot platinum against the GFEX pt2606 contract decreased to 10-15 yuan/gram, while the discount against the SGE selling price 1 stood at 4-8 yuan/gram. The premium over international platinum prices continued to shrink. In the spot market, traders' quotations showed significant disparities, and market activity slightly declined compared to pre-holiday levels. Transactions were relatively difficult for small discount quotations, with investment demand serving as the primary support in the spot market. Overall trading volume was moderate.
![Platinum Prices Fluctuated Downward Intraday, and Spot Market Transactions Continued to Weaken [SMM Daily Review]](https://imgqn.smm.cn/usercenter/obeMy20251217171735.jpg)
![Platinum Prices Continued Their Rebound, While Spot Trading Turned Somewhat Subdued [SMM Daily Review]](https://imgqn.smm.cn/usercenter/gePcx20251217171735.jpg)
![Platinum Prices Stopped Falling and Rebounded, with Relatively Active Trading in the Spot Market [SMM Daily Review]](https://imgqn.smm.cn/usercenter/SSKOK20251217171734.jpeg)
