Platinum Prices Continued to Be in the Doldrums, with Moderate Trading in the Spot Market [SMM Daily Review]

Published: Mar 27, 2026 12:01

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Platinum prices remained in the doldrums today. The most-traded platinum contract, PT2606, on the Guangzhou Futures Exchange closed the morning session at 485.5 yuan/g, down 1.55. In the spot market, spot platinum was quoted at a discount of 5-7 yuan/g against PT2606, or at a discount of 3-5 yuan/g against the SGE sell-1 price. Spot discounts narrowed somewhat from the previous trading day. As for spot transactions, SMM learned that suppliers reported normal trading activity today. In the morning, a small volume of spot cargo traded at a discount of 7 yuan/g against the Guangzhou Futures Exchange price, while some traders reported more quotations around a discount of 5 yuan/g, with high-priced deals difficult to conclude. Downstream enterprises negotiated transactions based on order conditions, and overall trading in the spot market was moderate.

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