Platinum Prices Continued to Fluctuate Downward, Spot Market Discount Narrowed and Trading Recovered [SMM Daily Review]

Published: Apr 24, 2026 11:48

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Platinum prices fluctuated downward today. In the morning session, the most-traded PT2606 contract on the Guangzhou Futures Exchange (GFEX) fell by over 3%, closing at 501.3 yuan/gram, down 3.15%. The SGE Pt9995 versus GFEX PT2606 spread inverted. Spot side, mainstream spot quotations showed a narrower discount compared to the previous trading day, with morning mainstream quotations from spot platinum traders at a discount of 4–5 yuan/gram to PT2606. Transaction side, according to SMM, as futures declined in the morning session, market inquiries gradually increased. Some enterprises reported purchase interest prices at around a 6 yuan/gram discount to GFEX. Final market transactions leaned toward a discount of 5–6 yuan/gram. Downstream consumption rebounded compared to previous days, and overall spot market transactions recovered somewhat.

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