Platinum prices were in the doldrums intraday, while spot market premiums remained sluggish in trading [SMM daily review]

Published: Jul 6, 2026 11:52

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Platinum prices were in the doldrums today, with macro expectations swinging wildly and the market expected to maintain wild swings. In early trading, the most-traded GFEX platinum contract PT2608 settled at 407.5 yuan/g, down 1.20%, while the inverted spread between the best ask price of SGE platinum 9995 and GFEX PT2608 remained around 4 yuan/g. In the spot market, mainstream platinum quotations ranged from a discount of 1 yuan/g to parity against the PT2608 contract. The discount on mainstream quotations was basically flat from the previous trading day, with downstream consumption weak and wait-and-see sentiment strong. Overall, trading in the spot platinum market remained sluggish today.

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