Platinum Price Fell Under Pressure Intraday, Spot Market Discounts Narrowed [SMM Daily Review]

Published: Aug 14, 2026 11:10

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Platinum prices fell under pressure today. The US Fed released hawkish signals again, and with the digestion of recent bullish factors for precious metals, along with profit-taking by bulls, upward momentum was suppressed. As of 11:00 in the morning session, the most-traded GFEX platinum futures contract PT2610 closed at 422.85 yuan/g, down 2.32%. The best ask price for SGE platinum 9995 was about 1 yuan/g below the GFEX PT2610 contract. In the spot market, mainstream platinum quotations were at a discount of 3 to 2 yuan/g against the PT2610 contract. With some deeply discounted cargoes cleared and the import price spread narrowing, and with the futures market falling today, mainstream quotation discounts continued to narrow slightly from the previous trading day. Inquiries from downstream buyers for price negotiations and procurement based on orders increased. Consumption recovered slightly, but overall trading remained sluggish.

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