Benchmark: Loco London/Zurich spot. The same tonne prices differently by origin — freight, quality, sanctions and policy set the differential. Deep dive →
| Origin | Basis | Price | vs benchmark | Market note |
|---|---|---|---|---|
🌐 Loco London/Zurich Global · global reference | Spot | 1,345.00 | Benchmark | Wholesale platinum reference |
🇨🇳 Shanghai (SGE) China · jewelry + industrial | SGE premium | 1,359.00 | +14.00 (+1%)narrowing | China premium — jewelry and glass demand |
🇺🇸 NYMEX basis USA · futures | Futures basis | 1,351.00 | +6.000 (+0.4%)stable | NY futures basis to loco spot |
🇿🇦 South Africa (FOB) South Africa · ~70% of mine supply | Producer FOB | 1,337.00 | -8.000 (-0.6%)narrowing | Producer FOB under a strained PGM basket |
🇷🇺 Russia (Nornickel) Russia · co-product | FOB | 1,333.00 | -12.00 (-0.9%)narrowing | Buyer caution — small discount |
Differentials are indicative desk assessments over the live benchmark — 90-day spread trend shown per origin.
Track physical flows on the live vessel map →Indicative term structure · Contango
Converted from 1,345.00 USD/oz · indicative FX
Platinum is traded in the precious metals segment, with price discovery referenced against NYMEX. The chart above shows the trailing indicative price path. Physical parcels of Platinum can be sourced or placed through the Off Market desk, listed openly on the Marketplace, or intermediated by a specialist broker.
Continued official-sector accumulation and a softer rate outlook have kept bullion firm, with silver and platinum tracking the move higher.