Today, SMM's premium quotations against the SGE Ag(T+D) ranged from TD -20 to -5 yuan/kg, with an average of -12.5 yuan/kg. Some traders had not yet participated in quotations after the Labour Day holiday. Overall market purchase willingness was low, with both offers and inquiries on the weak side.
During the early Shanghai session, suppliers of national-standard silver ingots posted mainstream quotations at premiums of -20 to -10 yuan/kg against TD. Major smelter silver ingots were mostly quoted at parity, but transactions were difficult to conclude. Some enterprises lowered premiums to facilitate deals. Downstream consumption remained sluggish, and bank warrant floor prices also saw discounts widen to around TD -20 yuan/kg. In the Shenzhen market, a few non-delivery brands maintained larger discounts. Overall market trading was thin today.
![Platinum Prices Surged Intraday, Spot Market Remained Sluggish with Thin Trading [SMM Daily Review]](https://imgqn.smm.cn/usercenter/VCNvX20251217171735.jpeg)
