Jewelry creates the largest demand for platinum, accounting for 51%. Automotive catalysts take 29% and chemical and petroleum refining catalysts, 13%. Platinum is among the world’s scarcest metals. Supplies of platinum are concentrated in South Africa, which accounts for 80% of supply; Russia, 11%; and North America, 6%. There is one contract available for trade:
- PL trades in units of 50 troy ounces
The minimum price fluctuation is $0.10 (10ΒΆ) per troy ounce ($5.00 per contract).
Maximum Daily Price Fluctuation is $0.25 per ounce.
Contract Expiration: Request Free Demo to gain access to our web-based trading platform. From within the web-based platform you will have access to view complete contract specifications, including First Notice and Last Trading day.
Margin requirements are subject to change, and are required for open futures positions.
The Platinum futures contract is available to trade via the CME Globex trading platform. Open outcry trading is conducted 5:20AM PT until 10:05AM PT. Electronic trading is available from 3:00PM PT until 2:15PM PT, with only a 45 minute break each day.
Trading example: If you were to purchase 1 contract of PL at 2000.00 and the next day it moves to 2010.00, you would have a profit of $500. Inversely, if it were to move to 1990.00, you would have a loss of $500.- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - To make sense of the information provided and learn how to trade futures please read through our futures education.