en.Wedoany.com Report on Mar 30th, The most active platinum contract PT2606 on China's Guangzhou Futures Exchange closed the morning session today at 496.75 yuan per gram, up 2.51%. In the spot market, platinum quotes are at a discount of 7-9 yuan per gram compared to the PT2606 contract, or at a discount of 2-4 yuan per gram compared to the spot selling price on the Shanghai Gold Exchange. The spot discount has widened compared to the previous trading day.

The Guangzhou Futures Exchange launched platinum futures trading at the end of 2025, becoming China's first exchange to list platinum futures. Market trader reports indicate that spot platinum quoted at a discount of 7-8 yuan per gram during the morning session was relatively difficult to trade. Some traders showed buying interest near a discount of about 11 yuan per gram on the Guangzhou Futures Exchange. As futures prices rose towards the end of the morning session, a small amount of trading was concluded.

Downstream processing enterprises adopted a bargaining strategy for transactions based on their own order situations. Feedback from multiple downstream enterprises indicates that recent new orders have decreased, and overall purchasing willingness is not strong. Affected by this, the overall trading atmosphere in the platinum spot market remains subdued, with suppliers generally reporting that market order conditions are average.

Platinum is widely used in automotive catalysts, hydrogen energy fuel cells, chemical industry, and jewelry manufacturing. As an important precious metals trading platform in China, the platinum futures contracts of the Guangzhou Futures Exchange provide the market with new tools for price discovery and risk management. Together with the spot quotes from the Shanghai Gold Exchange, they form the price reference system for China's domestic platinum market. The current market structure of widening spot discounts reflects the weak support from downstream demand for prices in the short term.