Platinum Prices Rebounded Slightly Intraday, Spot Market Relatively Active [SMM Daily Review]

Published: May 29, 2026 10:51

Save

Platinum prices rebounded slightly today. Macro front, central banks in multiple countries shifted toward hawkish policies, and the US April PCE price index annual rate rose significantly. As of 10:15 this morning, GFEX PT2606 closed at 467.55 yuan/gram in the morning session, up 1.16%, while the most-traded contract PT2608 closed at 473.55 yuan/gram, up 1.55%. The inverted price spread between the SGE Platinum 9995 best offer price and GFEX PT2606 remained around 15 yuan/gram. Spot market, warrant-based spot cargo suppliers generally quoted at relatively high levels, with mainstream quotations at a discount of 4 yuan/gram to parity against the PT2608 contract. Absolute prices were on the high side, and some suppliers reported that registered warrants were currently siphoning a large volume of spot cargo, leading to a premium on spot prices in the market. Transaction side, according to SMM, downstream enterprises maintained just-in-time procurement, while trading firms engaging in both spot and futures market actively inquired about platinum and palladium warrants due to current price spread opportunities between futures contracts. Overall, the platinum spot market was relatively active today.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

17 hours ago

Silver Prices Fluctuated with Narrowing Discount as Market Awaited Next Month's Consumption Guidance [SMM Daily Review]

[SMM Daily Review: Silver Prices Fluctuated with Narrowing Spot Discounts, Market Awaited Next Month's Consumption Guidance] SMM reported on May 29 that silver prices rebounded slightly, spot discounts narrowed, supply and demand were evolving toward a tight balance, month-end trading was sluggish, and attention turned to next month's consumption performance.

17 hours ago

May 28, 2026 18:15

Brief Review of Spot Market and China Inventory (May 28, 2026) [SMM Silver Market Weekly Review]

May 28, 2026 18:15

May 28, 2026 17:27

Silver Market Price Review and Brief Comments on Expectations (May 28, 2026) [SMM Silver Market Weekly Review]

May 28, 2026 17:27