Platinum Prices Remain in the Doldrums, Spot Market Trading Stays Sluggish and Unchanged [SMM Daily Review]

Published: Jul 7, 2026 14:49

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Platinum prices remained in the doldrums today. This week, macro pressure on precious metals eased somewhat, but overall upside room stayed limited. In early trading, the most-traded platinum futures contract PT2608 on the GFEX closed at 402.5 yuan/g, down 1.72%. The inversion spread between the best ask price of platinum 9995 on the SGE and the GFEX PT2608 held around 4 yuan/g. In the spot market, mainstream quotations for platinum were at a discount of 1 yuan/g to parity against the PT2608 contract, with the discount basically flat compared with the previous trading day. Downstream consumption was weak with thick wait-and-see sentiment, making it difficult to transact at higher quoted prices. Overall spot platinum trading remained sluggish today.

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