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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
Click here to contact a commodities broker with experience in the platinum market.
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