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Platinum Futures Quotes

How is platinum quoted? Commodity and futures prices like platinum prices are usually quoted the same way prices are quoted in the cash market (physical market). That is, in dollars, cents, and sometimes fractions of a cent. Different commodities are quoted in different trading units. platinum prices are quoted per ounce. Be certain you understand the price quotation system for the particular commodity that you consider trading.

The NYMEX platinum futures contract is a contract for future physical delivery of 50 troy ounces of platinum; however, the vast majority of the futures positions are offset well before delivery. The NYMEX platinum futures contract is priced in dollars and cents per troy ounce. The platinum futures trade in $.10 increments, equivalent to $5.00 per contract.

Example of Futures Quote:

945.4 means $945.40 per ounce

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Platinum Quotes

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Commodity trading is not suitable for everyone. The risk of loss in trading can be substantial. The risk of loss in trading can be substantial. This material has been prepared by a sales or trading employee or agent of Van Commodities, Inc. and is, or is in the nature of, a solicition. This material is not a research report preparfed by Van Commodities, Inc. Research Department. Please view our Risk Disclaimer.

 
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