Platinum prices held up well today. The most-traded GFEX platinum contract PT2606 closed the morning session at 534.8 yuan/gram, up 1.71%, with the intraday high breaking through 3% to reach 544.65 yuan/gram. Spot side, mainstream quotations from spot platinum traders in the morning session were at a discount of 5-7 yuan/gram against the PT2606 contract, with the spot mainstream quotation discount widening compared to the previous trading day. Spot transactions side, according to SMM, most traders holding inventory continued to hold prices firm due to cost considerations and delivery intentions, with basically no transactions concluded at the discount of 5-7 yuan/gram. When futures prices hit intraday highs in the morning session, the absolute spot prices from upstream, when converted, showed a discount of over 10 yuan/gram against the GFEX 06 contract. The consumption side showed low acceptance of mainstream market quotations, with the price spread between bids and offers remaining wide. Downstream consumption was generally poor, with a wait-and-see stance prevailing. Some enterprises made small purchases through negotiation to meet rigid demand, and overall spot market transactions remained sluggish.

Platinum prices fluctuated upward today. The most-traded PT2606 contract on the Guangzhou Futures Exchange closed at 524 yuan/gram in the morning session, up 1.57%. Spot side, mainstream quotations for spot platinum in the morning session were at a discount of 4–6 yuan/gram to PT2606, basically flat compared with the previous trading day. Spot transactions side, according to SMM, most suppliers held prices firm due to holding costs, delivery intentions, and other factors, while the consumption side showed low acceptance of mainstream market quotations, with a large price spread between bid and ask prices. Morning session spot quotations at a discount of 4–5 yuan/gram to the Guangzhou Futures Exchange were difficult to transact. Downstream consumption was generally weak, with a wait-and-see attitude prevailing. Some enterprises made small purchases through negotiation to meet rigid demand, and the spot market saw overall sluggish trading.

Platinum prices held up well today. The most-traded PT2606 contract on the Guangzhou Futures Exchange closed at 522.35 yuan/gram in the morning session, up 1.78%. Spot side, mainstream quotations for spot platinum in the morning session were at a discount of 5–7 yuan/gram to PT2606, with the spot discount narrowing slightly compared to the previous trading day. Spot transactions side, according to SMM, most suppliers held prices firm due to cost considerations and delivery intentions, while some traders reported that a small amount of spot platinum from recycling plants was being sold at relatively low absolute prices, which lowered downstream consumers' acceptance of mainstream quotations. Morning spot offers at a 5–7 yuan/gram discount to the Guangzhou Futures Exchange were difficult to transact. Downstream consumption remained weak overall, with a wait-and-see attitude prevailing. Some enterprises made small purchases through price negotiation to meet rigid demand, and the spot market saw generally sluggish trading.

Platinum prices held up well today, with the most-traded platinum contract on Guangzhou Futures Exchange, PT2606, closing the morning session at 502.55 yuan/gram, up 1.84. In the spot market, mainstream quotations for spot platinum in the morning session were at a discount of 5-9 yuan/gram to PT2606, or quoted at 5-9 yuan/gram against the SGE sell-1 price. Spot quotations were still basically flat in terms of discount versus the previous trading day. As for spot transactions, SMM learned that suppliers held prices firm in sales due to costs, delivery intentions, and the closure of overseas markets. In the morning session, spot quotations at a discount of 5-6 yuan/gram to the Guangzhou Futures Exchange were difficult to conclude. Some trading firms engaging in both spot and futures market inquired for spot-futures price spread opportunities, but reported that market quotations were relatively high and that there was limited availability of spot cargo at large discounts. Downstream buyers still mainly stayed on the sidelines, while some just-in-time procurement was concluded after negotiated lower premiums. Overall transactions in the spot market remained sluggish.

Platinum prices continued to hold up well today. The most-traded platinum contract on the Guangzhou Futures Exchange, PT2606, closed the morning session at 493.8 yuan/g, down 2.84%. In the spot market, mainstream quotations for spot platinum in the morning session were at discounts of 7-9 yuan/g to PT2606, or quoted at 5-7 yuan/g against the Shanghai Gold Exchange's sell-1 price. Spot discounts were unchanged from the previous trading day. As for spot transactions, SMM learned that cargo-holding traders reported that market orders remained limited and consumption was average. In the morning session, spot platinum quoted at around an 8 yuan/g discount to the Guangzhou Futures Exchange was difficult to transact. Some trading firms engaging in both spot and futures market actively offered quotations in search of spot-futures price spread opportunities, while downstream players still mainly stayed on the sidelines. Some enterprises reported relatively sufficient stockpiling and low purchase willingness. Overall transactions in the spot market remained sluggish.

Platinum prices held up well today, with the most-traded platinum contract PT2606 on the Guangzhou Futures Exchange closing at 494.2 yuan/g, up 2.27%. In the spot market, spot platinum was quoted in early trading at a discount of 7-9 yuan/g against PT2606, or around parity against the SGE sell-1 price, with spot discounts unchanged from the previous trading day. In terms of spot transactions, SMM learned that cargo-holding traders reported fewer market orders and weak consumption. Some trading firms engaging in both spot and futures market actively inquired for quotes in search of spot-futures price spread opportunities, with purchase indications around a discount of 9 yuan/g against the Guangzhou Futures Exchange. Downstream players mostly stayed on the sidelines, and some enterprises reported relatively sufficient stockpiles with no procurement demand for the time being. Overall spot market transactions were subdued.