Loading ...So China is buying anything and everything spare. !!!!!!
Got this from Grok
The “dollar premium” refers to the difference in USD per troy ounce between platinum prices on Chinese exchanges (primarily Shanghai Gold Exchange/SGE or Guangzhou Futures Exchange/GFEX spot/physical-equivalent) and the NYMEX (COMEX) futures/spot benchmark in New York.
NYMEX Platinum Price: Approximately $2,158 USD per troy ounce (front-month futures/spot benchmark).
Shanghai Platinum Price: Recent reports indicate trading north of $3,100 USD per troy ounce on Chinese platforms amid strong industrial stockpiling and physical demand tightness (similar to the ongoing silver squeeze).
Dollar Premium: Shanghai is trading at a premium of approximately $900–$1,000+ per ounce over NYMEX (based on late-December data where Shanghai exceeded $3,100 while global benchmarks were lower).