Platinum Prices Pull Back Intraday; Spot Market Discount Slightly Widens Amid Sluggish Consumption [SMM Daily Review]

Published: Apr 17, 2026 11:47

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Platinum prices pulled back and consolidated today. The most-traded PT2606 contract on the Guangzhou Futures Exchange closed at 528.2 yuan/gram in the morning session, down 1.94%. Spot side, mainstream quotations from spot platinum traders in the morning session were at a discount of 5-6 yuan/gram to PT2606. The spot mainstream quotation discount widened slightly compared to the previous trading day, mainly due to the widening price spread between domestic and overseas markets and persistently sluggish consumption in China. Spot transactions side, according to SMM, offers at a discount of 5-6 yuan/gram in the morning session were difficult to close. Some trading firms engaging in both spot and futures market continued to hold prices firm for sales due to delivery intentions, while the consumption side remained mostly on the sidelines. The intended purchase price was around an 8 yuan/gram discount to the most-traded contract, with only small volumes transacted. Overall spot market transactions remained sluggish.

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