Platinum Prices Fluctuated Upward Intraday, While Consumption in the Spot Market Remained Weak [SMM Daily Review]

Published: Mar 30, 2026 11:59

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Platinum prices fluctuated upward today, with the most-traded platinum contract PT2606 on the Guangzhou Futures Exchange closing the morning session at 496.75 yuan/g, up 2.51. In the spot market, spot platinum was quoted at a discount of 7-9 yuan/g against PT2606, or at a discount of 2-4 yuan/g against the SGE spot sell-1 price, with spot discounts widening from the previous trading day. As for spot transactions, SMM learned that suppliers reported average order conditions in the market, and spot platinum quoted at a discount of 7-8 yuan/g against the Guangzhou Futures Exchange in early trading was difficult to transact. Some traders showed purchase interest at around a discount of 11 yuan/g against the Guangzhou Futures Exchange, and a small volume of deals was concluded as futures rose toward the end of the morning session. Downstream enterprises negotiated deals based on order conditions, and some enterprises reported fewer orders today, with overall spot market transactions remaining subdued.

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