Futures markets are places where traders buy and sell contracts to deliver goods or assets at a set price on a future date. These contracts let people bet on price changes without handling the actual item right away. Platinum futures focus on this rare metal used in car parts, jewelry, and industry. Each contract covers 50 troy ounces and trades mainly on exchanges like the New York Mercantile Exchange, Tokyo Commodity Exchange, and London Bullion Market.https://tradingeconomics.com/commodity/platinum
Platinum prices swing a lot these days, showing high volatility. On December 18, 2025, the price hit 1,974.30 USD per troy ounce, up 2.40% that day alone. Over the past month, it climbed 27.08% to 28.32%, and compared to last year, it jumped 108.47% to 114.18%.https://tradingeconomics.com/commodity/platinum This wild ride comes from supply shortages and big demand shifts. South Africa, the top producer, faces mine output problems. The World Platinum Investment Council predicts a 69,200 ounce deficit in 2025, the third year in a row.https://tradingeconomics.com/commodity/platinum
New trading spots add to the ups and downs. China’s Guangzhou Futures Exchange launched platinum contracts in late November 2025, drawing huge volumes. Trading there matched records recently, pushing London prices up 19.7% in US dollars over 15 days.https://platinuminvestment.com/about/60-seconds-in-platinum/2025/11/27https://www.bullionvault.com/gold-news/gold-price-news/platinum-gfex-palladium-121720251 These deals use sponge metal, key for factories, and allow delivery from trusted refiners. China sees platinum as a critical mineral for green tech, boosting buys.https://platinuminvestment.com/about/60-seconds-in-platinum/2025/11/27
US factors fuel the volatility too. Hopes for Federal Reserve rate cuts, like comments from Governor Christopher Waller on lower borrowing costs, lift prices. Hedge funds stay bullish on NYMEX platinum futures since mid-May.https://tradingeconomics.com/commodity/platinumhttps://www.bullionvault.com/gold-news/gold-price-news/platinum-gfex-palladium-121720251 Traders use tools like Hurst Cycle Analysis on multiple charts to spot trends in platinum futures, called /PL.https://www.youtube.com/watch?v=QtMIAK-g4MA Videos show platinum nearing 2,000 USD per ounce while other metals like gold and silver pause.https://www.youtube.com/watch?v=4l7faRDtrc4
This mix of tight supply, new markets, and economic news makes platinum futures exciting but risky. Traders watch inventories, which build at US and Chinese exchanges, keeping lease rates high.https://www.bullionvault.com/gold-news/gold-price-news/platinum-gfex-palladium-121720251https://www.investing.com/commodities/platinum
Sources
https://www.youtube.com/watch?v=QtMIAK-g4MA
https://tradingeconomics.com/commodity/platinum
https://platinuminvestment.com/about/60-seconds-in-platinum/2025/11/27
https://www.bullionvault.com/gold-news/gold-price-news/platinum-gfex-palladium-121720251
https://www.youtube.com/watch?v=4l7faRDtrc4
https://www.investing.com/commodities/platinum