SMM

Platinum prices rose significantly during the day, with the most-traded PT2606 contract on the Guangzhou Futures Exchange closing at 628 yuan/gram, up 5.53%. Spot side, domestic platinum spot quotations were at discounts of 12-16 yuan/gram against the GFEX pt2606 contract, or discounts of 1-5 yuan/gram against the gold exchange's selling price 1, while premiums to international platinum increased to 20-25 yuan/gram. According to SMM, some traders indicated that the market is still dominated by investment demand, with some manufacturers making small-scale essential stockpiling, while downstream purchases remained generally cautious, and overall market transactions were normal.