Platinum Prices Fluctuate Upward, Trading in the Spot Market Moderate [SMM Daily Review]

Published: Feb 4, 2026 11:43

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<html><head></head><body>Platinum prices rose again today. The most-traded platinum contract PT2606 on the Guangzhou Futures Exchange closed at 581.45 yuan per gram in the morning session, up 3.45%. In the spot market, spot platinum was quoted at a discount of 4–8 yuan per gram against PT2606, or a discount of 6–10 yuan per gram against the gold exchange’s selling price for 1-PT2606, resulting in an inverted spread. In terms of spot transactions, speculative demand cooled as futures continued to adjust recently, while some end-users made just-in-time procurement. Some traders also reported tight supply. Overall spot trading was moderate.</body></html>

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