Platinum prices climbed as tensions eased between United States and Iran,and oil prices dipped. On GFEX,most traded platinum futures contract,PT2608, closed at 441.6 yuan per gram,up 2.67% for session.
But spot market stayed quiet . Mainstream spot platinum quotes hovered between 3 yuan discount and parity with PT2608. Price spread between best ask for SGE Pt-9995 and GFEX PT2608 kept inverted, within 1-2 yuan range.
Inquiries came from downstream enterprises, yet overall trading was sluggish. Buyers' strong bargaining kept transactions tough, slightly widening discount in mainstream quotes from day before. Many enterprises stockpiled when prices were lower, now market dynamics make trading hard.
As day moved on, platinum price fluctuations mirrored broader market sentiment. But thin trading volume showed cautious engagement. Geopolitical factors and commodity prices… still shaping precious metals arena.
