SMM

In early trading, platinum prices opened significantly higher before narrowing their gains to fluctuate around 6%. The discount of domestic spot platinum against the GFEX pt2606 contract decreased to 10-15 yuan/gram, while the discount against the SGE selling price 1 stood at 4-8 yuan/gram. The premium over international platinum prices continued to shrink. In the spot market, traders' quotations showed significant disparities, and market activity slightly declined compared to pre-holiday levels. Transactions were relatively difficult for small discount quotations, with investment demand serving as the primary support in the spot market. Overall trading volume was moderate.