Platinum Prices Edged Down Intraday as Market Trading Thinned Ahead of the Holiday [SMM Daily Review]

Published: Apr 30, 2026 11:47

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Today's daytime session saw platinum futures prices continue to edge down. The most-traded PT2606 contract on the Guangzhou Futures Exchange closed at 483.85 yuan/gram in the morning session, down 0.81%. The SGE Pt9995 versus Guangzhou Futures Exchange PT2606 was inverted by 1-2 yuan/gram. Spot side, mainstream spot quotations showed discounts basically flat compared to the previous trading day. Morning session spot platinum trader mainstream quotations were at a discount of 1-3 yuan/gram to PT2606. Many enterprises temporarily withdrew from market quotations due to invoicing rectification and the approaching holiday. Transaction side, according to SMM, a small volume was traded at around a 3 yuan/gram discount to Guangzhou Futures Exchange contracts in the morning session. Downstream enterprises showed low purchase willingness and mostly adopted a wait-and-see approach. The overall market was dominated by a strong holiday atmosphere, with both trading and investment activity remaining subdued.

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