NYMEX Platinum


Trading Screen Product Name NYMEX Platinum
Commodity Code PLE
Contract Size 50 troy ounce / lot
Price Quotation USD / troy ounce
Trading Hours Monday - Friday
06:00 A.M - 05:00 A.M (the next day)
Minimum Price Fluctuation 0.1 USD / troy ounce
Contract Series 3 consecutive months and any January, April, July, and October in the nearest 15 months
Delivery Registration Day The fifth business day prior to the First Notice Day
First Notice Day Last day of trading of the month preceding the delivery month.
Last Trading Day The third last business day of the delivery month.
Margin As MXV required
Position Limit As MXV required
Price Limit
As MXV required
Settlement Method Deliverable
Quality Standards Standards are detailed below


In accordance with the regulations of Platinum traded on New York Mercantile Exchange (NYMEX).

Product infomation


Platinum, also known as platinum, is a rare, white, solid and malleable transition metal. Bach im is found at the format of Nickel and co dong, the element master in South Africa, accounts for about 80% of world production.
Platinum traded on Nymex exchange.

Special Points

Platinum has properties, very little corrode at high temperatures, so it is considered a precious metal. Platinum is less abrasive and translucent, so it is very suitable for making fine art jewelry. Platinum is used as a catalyst, laboratory equipment, telegraph equipment, electrodes, resistance thermometers, and dental equipment.

Figure 1. Platinum mining in South Africa

Platinum material is scarce, precious and very valuable because the annual mining output is only a few hundred tons. Some platinum compounds are also used in chemotherapy against cancer.
Platinum is an extremely rare metal, it only makes up 0.005ppm in the Earth's crust.

Production and trade

About 97% of the world's platinum comes from one of five countries: the United States, Canada, Zimbabwe, Russia and South Africa.

Of which, South Africa produced about 110 tons.

Figure 2. Platinum production in 2014. Source Wikipedia

South Africa is also the country that exports 33% of the world's platinum exports (about 9.3 billion of the world's $27.4 billion, followed by the UK, Russia, Germany, the US, and Japan. At that time, the United States was the world's largest importer of platinum

Figure 3. Platinum exporting countries in 2017. OEC source

Figure 4. Platinum importing countries in 2017. OEC source

Factors affecting the global platinum price

* Economy in South Africa
In addition to producing more than 75 percent of global annual platinum production , South Africa also accounts for about 95 percent of global reserve platinum production .
South Africa is a developing country so the market in this country is quite volatile and unpredictable. Events such as worker protests could reduce platinum mining output in the country. In addition , related economic or political events can also affect platinum mining activities .
* Development situation of the global auto industry
The auto industry accounts for about 40% of global platinum production. Therefore, the evolving trends of the auto industry will affect the price of this metal.
* Electric vehicle development
Demand for electric vehicles may contribute to the increase in demand for platinum. Factors affecting demand for electric vehicles such as oil prices as well as emissions issues affecting the environment can also impact demand for platinum.
* Changing catalytic conversion technology
* Investment needs

Investment needs account for a small percentage of the total annual demand for platinum . However , the depreciation of the US dollar and high gold prices may cause investors to seek alternative investments to platinum .