Platinum Prices Stop Falling and Rebound, Spot Discounts Widen and Transactions Are Moderate [SMM Daily Review]

Published: Mar 17, 2026 12:11

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<html><head></head><body>Platinum prices stopped falling and rebounded today. In early trading, the most-traded platinum contract PT2606 on the Guangzhou Futures Exchange closed at 558 yuan/g, up 5.27%. Spot side, spot platinum was quoted at discounts of 9-12 yuan/g against PT2606, or at premiums of 1-4 yuan/g against the SGE sell-1 price, with spot discounts widening from the previous trading day. In spot transactions, some traders followed futures to seek purchases of spot cargoes at larger discounts, while some flat-price spot cargoes, equivalent to discounts of 11-12 yuan/g against futures, were traded quickly. Downstream buyers mostly stayed on the sidelines today due to the sharp rise in futures, and overall trading in the spot market was moderate.</body></html>

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