Platinum Prices Held Up Well Intraday, Spot Transactions Were Moderate [SMM Daily Review]

Published: Mar 11, 2026 12:03

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<html><head></head><body>Platinum prices held up well today. In early trading, the most-traded platinum contract on the Guangzhou Futures Exchange closed at 568.85 yuan/g, up slightly by 0.40%. In the spot market, spot platinum was quoted at a discount of 10-12 yuan/g against PT2606, or at a premium of 1-3 yuan/g over the SGE spot sell 1 price. Spot discounts were basically flat from the previous trading day. In terms of spot transactions, SMM learned that downstream enterprises mostly stayed on the sidelines, with only limited purchases after bargaining. Traders holding cargoes actively offered quotes, while also saying that the bid-ask price spread was relatively wide and price involution was quite severe. Quotes at a discount of 10 yuan/g were difficult to conclude deals at, and overall trading in the spot market was moderate.</body></html>

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