Platinum Prices Continue Volatile Trading, Spot Market Active, Focus on Evening Non-Farm Payrolls Data [SMM Daily Review]

Published: Jun 5, 2026 12:07

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Platinum prices continued to fluctuate today. U.S.-Iran negotiations experienced twists and turns, and precious metals overall remained under macro pressure, with tonight's U.S. non-farm payrolls data warranting close attention. In the morning session, the most-traded GFEX platinum contract PT2608 closed at 465.25 yuan/g, down slightly by 0.02%. The price spread between the SGE platinum 9995 best offer and GFEX PT2608 remained inverted at around 6 yuan/g. Spot market, mainstream quotations for spot platinum were at a discount of 2 yuan/g to parity against the PT2608 contract, with quotations generally skewed toward the higher end. Some suppliers reported small volumes transacted even at higher quotations, while most transactions were concluded at a discount of around 1 yuan/g against the most-traded contract. Strong import data in recent months kept domestic spot platinum and palladium supplies relatively ample. Suppliers actively sold, and downstream buyers also actively inquired as absolute prices continued to decline. Overall, the spot platinum market remained active today.

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