Platinum Futures Trading Basics

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Platinum Futures Trading

Get in-depth information about Platinum Futures including Price, Charts, Technical Analysis, News and more and links to metals futures quotes and charts.

Platinum Futures

Current Platinum Futures | Futures Prices

Platinum Futures Prices — Historical Chart

Chart of Platinum Futures futures updated March 14th, 2020. Click the chart to enlarge. Press ESC to close.

Disclaimer: This material is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.

Platinum Futures Contract Specifications

CME Globex Product Symbol (Electronic Trading) PL Contract Size

The Seller shall deliver one Contract Unit of platinum, weighed to the nearest thousandth of a troy ounce, or the equivalent weight in grams, of homogeneous cast plate and/or ingot, with a weight tolerance of 7% either higher or lower. Each Contract Unit may consist of more than one piece of plate and/or ingot, with no individual piece weighing less than 10 troy ounces, or the equivalent weight in grams.

Grade and Quality Specifications

Platinum delivered under this contract shall be a minimum of 99.95% pure.

Price Quotation U.S. Dollars and Cents per troy ounce Venue CME Globex, CME ClearPort, Open Outcry CME Globex Hours (EST) MON 9:05 a.m. – FRI 1:55 p.m. Central Time Daily trading halts 4:00 p.m. – 5:00 p.m. Central Time CME ClearPort Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT) Open Outcry Hours (EST) MON-FRI: 9:05 a.m. -1:00 p.m. Central Time Minimum Fluctuation Prices shall be quoted in dollars and cents per troy ounce. The minimum price fluctuation shall be $.10 per troy ounce. There shall be no maximum limit on price fluctuation. Packaging and Marking

(A) Platinum may be delivered in packaged or unpackaged form.

(B) If Platinum is delivered in packaged form, the Platinum shall be in a package sealed by an Approved Assayer or Approved Producer so that the package may not be opened without destruction of the seal. Each package shall contain exactly one Contract Unit of Platinum and must bear:

(1) the lot or identification number(s) of each ingot and/or plate contained therein;

(2) the actual weight of the platinum therein;

(3) the grade of the pieces therein;

(4) the name or logo of the Approved Assayer or mark of the Approved Brand; and

(5) the chemical symbol for Platinum, Pt and/or the word “Platinum”.

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(C) If Platinum is delivered in unpackaged form, each piece of Platinum comprising the Contract Unit shall be incised with:

(1) the lot or identification number of such ingot and/or plate contained therein;

(2) its actual weight (provided that if the piece was previously sampled, the weight on the Assay

Certificate shall govern);

(3) the grade of such piece;

(4) the name or logo of the Approved Assayer or mark of the Approved Brand; and

(5) the chemical symbol for Platinum, Pt and/or the word “Platinum”.

Delivery Months

During each calendar month (the “current calendar month”), the Exchange will make available for trading contracts that provide for delivery of Platinum in the following months: 1) the current calendar month; 2) the first calendar month following the current calendar month; 3) the second calendar month following the current calendar month; and 4) each January, April, July and October during the period beginning with the first calendar month following the current calendar month through the 15th calendar month following the current calendar month.

Each Warrant shall contain the information set forth in the Assay Certificate, incised on the bar, or clearly identified on the package; provided, however, that weight shall be expressed in troy ounces. If the weight incised on the bar or set forth on the Assay Certificate is in grams, it shall be converted to troy ounces by dividing the weight in grams by 31.1035 and rounding to the nearest thousandth of a troy ounce. The Warrant shall represent that the Contract Unit:

(A) is an Approved Brand, meeting the grade and quality specifications of Rule 105.03, received directly from its Approved Producer by means of one or more Approved Carriers and/or, with respect to Platinum from the Approved Producer, by means of such Approved Producer’s own transport, or

(B) is an Approved Brand, meeting the grade and quality specifications of Rule 105.03, received directly from one or more storage vaults located in Zurich, Switzerland owned or controlled by either Credit Suisse Group or UBS AG, by means of one or more Approved Carriers. Such storage vaults are delivery locations for the London Platinum and Palladium Market. Upon request of the Licensed Depository, the Seller shall provide to the Licensed Depository a pro forma invoice and a bar list issued by either Credit Suisse Group or UBS AG (or the wholly-owned subsidiary that owns such vault), and, if so requested, the Licensed Depository is not required to issue a Warrant for any such Contract Unit until such documentation has been provided, or

(C) was received directly from an Approved Assayer or Approved Producer by means of one or more Approved Carriers and/or, with respect to Platinum from the Approved Producer, by means of such Approved Producer’s own transport, and was accompanied by an Assay Certificate(s) for each piece in the Contract Unit, or

(D) was received directly from an Approved Assayer or Approved Producer by means of one or more Approved Carriers and/or, with respect to Platinum from the Approved Producer, by means of such Approved Producer’s own transport, and was not accompanied by an Assay Certificate(s) for each piece in the Contract Unit but has been determined to be Eligible after having been inspected by an Approved Assayer or Approved Producer, or

(E) was received directly from another Licensed Depository by means of one or more Approved Carriers, provided, however, that the Platinum was previously Eligible, or

(F) was deposited at a Licensed Depository, and thereafter inspected by an Approved Assayer or Approved Producer and determined to be Eligible.

Inspection and Assay Certificate

(A) Assay Certificates. Except for Platinum delivered pursuant to Rules 105.08(A), (B), (C) or (E), the Licensed Depository shall, upon receipt of the commodity, cause an inspection to be made by an Approved Assayer or an Approved Producer. The Approved Assayer or Approved Producer shall issue Assay Certificate(s) covering each piece in the Contract Unit in the form approved by the Exchange.

(B) Each Assay Certificate shall report the lot or bar number, weight, grade, the name of the Approved Assayer or Approved Producer, the symbol identifying the metal or the name of the metal and the date of inspection. On all Assay Certificates, weight shall be expressed in troy ounces.

(C) (1) Every lot inspected must bear on the package the lot number, seal number, date of inspection, weight, grade, and the name of the Approved Assayer or Approved Producer who made the inspection. (Effective as to Platinum assayed prior to October 1, 1979.)

(2) Every lot inspected, if packaged, must bear on such package the lot or bar number; weight; grade; the name or logo of the Approved Assayer or Approved Producer and the symbol identifying the metal or the name of the metal. Every lot inspected, if unpackaged, must be incised with the lot or bar number, weight; grade; the name or logo of the Approved Assayer, and the symbol identifying the metal. (Effective as to Platinum assayed on and after October 1, 1979.)

(D) If a Contract Unit of Platinum is surrendered to the bearer of a Warrant, or if the Contract Unit is in a package and the seal is broken, the Assay Certificate(s) for such Contract Unit is no longer valid and such Contract Unit is no longer Eligible.

(E) The Seller shall bear the costs of inspection, delivery to the Licensed Depository, charges of the Licensed Depository, and all other expenses, if any, to determine that the Platinum is Eligible.

Delivery Type Delivery Period

Delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the delivery month, but not later than the last business day of the current delivery month.

Listed Contracts

Trading is conducted over 15 months beginning with the current month and the next two calendar months before moving into the quarterly cycle of January, April, July, and October.

Termination of Trading

Trading terminates on the third last business day of the delivery month.

Platinum Futures Trading Basics

Подписаться на PLATINUM Подписан на PLATINUM Отписаться от PLATINUM

График PLATINUM

Платина последнии года находиться под давление. По сравнению с другими драг металлами, цены на платину остаются на минимумах. Львиную долю в этом сыграл скандал с выбросами от дизельных двигателей. Есть предположение что ситуация на рынке платины начнет меняться в 2020 году. Буду держать руку на пульсе по данному активу.

Платина размечена коррекционной моделью – неудавшимся иррегуляром или бегущей плоскостью. Движемся в волне С. Прошу обратить внимание на 3! мощные ( по сравнению с другими металлами) заходные, которые еще толком не раскрылись. Выбираю между золотом, серебром и платиной.

Металлы из одной группы( Платинойды). Считаю не обоснованным задир палладия, а так же значительно недооценным платину ( смотреть технику). Вероятно в период не стабильности данный показатель выравнится.

В данный момент мы коснулись очень сильного уровня, от которого сделали глобальный хай. Сомнений относительна роста у меня нет.

Платина в 2020 году может завершить свою коррекцию и вернуться к долгосрочному росту. Прогнозы экономической статистики ожидают увеличения цены платины в полтора раза к 2020 г: www.statista.com

Платина в 2020 году может завершить свою коррекцию и вернуться к долгосрочному росту. Прогнозы экономической статистики ожидают увеличения цены платины в полтора раза к 2020 г: www.statista.com

Потенциальный разворот платины в долгосрок. Цели: 1000,1250$ OZTVC:PLATINUM

Features of the platinum trade

Platinum is an interesting asset for trading. Platinum price analysis is fairly simple, volatility is low. Long-term trading is possible. Let’s talk about how to trade platinum correctly.

The most popular metals for trading are considered to be gold and silver, which are known to traders in pairs with the US dollar as XAUUSD and XAGUSD from their Latin names Aurum (gold) and Argentum (silver).

However, other metals are also traded on world exchanges, the trading of which can be not only profitable, but also very interesting. These are palladium, platinum, copper, aluminum and zinc. Among them, platinum and copper are especially popular. Today we will talk about the intricacies of platinum trading.

Platinum Details

Platinum was found in South America during the time of the Conquista and received the playfully neglecting name “silver”. In addition to the countries of South America, platinum is mined in Africa, North America and Russia.

Unlike gold, which is mined in its pure form, platinum exists only in the form of alloys with other metals. The process of extraction and separation of platinum from such alloys is quite complicated and energy intensive. Because of this, the annual global production of platinum is approximately 5 million troy ounces. For comparison, annual gold production is 17 times greater, and silver is 100 times greater.

Platinum has specific properties that make this metal in demand in many industrial fields. However, most of the platinum, about 40%, is used in automobile production.

Platinum as a stock asset

On world exchanges, platinum is traded in tandem with the dollar and is denoted as Platinum or XPTUSD. Standard exchange lot in platinum trade is 1000 troy ounces.

Platinum Price Chart

Twice a day, at 10.30 and 15.00 local time, the so-called London fixing (morning and evening) takes place on the London OTC platform, during which the price of metals, including platinum, is set. By the way, speaking, the Bank of Russia, when setting the value of precious metals, uses precisely the data of the London fixing.

This price is considered official, it is a guideline for operations with platinum for world exchanges and commercial banks.

Platinum trading

As we said above, the volume of a standard lot in platinum is 1000 troy ounces, which is an insurmountable obstacle for an ordinary trader. Therefore, the most widely used trading platinum futures. Using leverage, any trader who does not have a large deposit can trade platinum futures.

Exchange platinum quotes they have low volatility, which makes it possible to use this metal with great success in long-term trading strategies, as an investment asset, a protective asset or a tool to diversify the trading portfolio. The low level of volatility, as you know, makes platinum not a very suitable asset for speculative trading.

Analytics

The platinum price chart is no different from the charts of other metals, stocks or currency pairs. For trading, it is recommended to use trend indicators and a time interval (timeframe) of at least H4.

In addition, the movement of platinum prices is almost a classic illustration of the laws of fundamental analysis, which greatly simplifies the preparation of trading forecasts.

What determines the price of platinum

Based on the fact that the methods of fundamental analysis work perfectly in platinum, it is best to trade platinum for the medium term, and even better – the long term.

The main factors affecting the exchange value of platinum are:

  • Supply and demand balance. Platinum supply is quite limited, so its volume, as well as the level of demand, have a direct impact on cost. For example, an increase in the automotive industry will mean an increase in demand for platinum.
  • Correlation with gold. Platinum and gold prices are inversely correlated. That is, if gold rises in price, the price of platinum decreases and vice versa.
  • News and reporting from global platinum producers. Since platinum, in comparison with gold and silver, is much less in the market, any events in mining enterprises have a significant impact on the price. This may be a change of leadership for Norilsk Nickel, the largest platinum producer in Russia, or a strike at the mines of Anglo American Platinum, Lonmin and Impala Platinum in South Africa.

Separately, the influence of these factors is limited. However, a comprehensive analysis of the whole picture will enable the trader to make a fairly accurate platinum price forecast.

Conclusion

As you can see, trading in platinum is, at the very least, interesting and exciting. Platinum is not suitable for lovers of pips, scalping and day trading, but it will be a wonderful asset for long-term traders using fundamental analysis and proven trending strategies.

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