Shanghai Week's platinum futures poised to manage price risk, boost demand

Platinum’s appeal is being bolstered by its wide discount to gold, increasing industrial applications, and inclusion on the critical mineral lists of many countries, World Platinum Investment Council (WPIC) CEO Trevor Raymond highlighted at the culmination of Shanghai Platinum Week, where day-one viewership reached the 455 000 level. Poised to transform domestic price risk management and boost demand for platinum products are new physically settled platinum and palladium futures, which the Guangzhou Futures Exchange embedded during the week.