Platinum is a precious metal which is called “white gold” in Japanese. The first time it appeared in history is in the 18th century, which is quite late compared to gold and silver. Its popularity as ornaments is in the same level as gold for its beauty but it is also has industrial needs. The total amount of platinum buried in the natural world is less than gold, and the amount that has been discovered is 1/30 the amount of that of gold. For that reason, you can understand that it is rarer than gold.
In China, which has a high preference of gold, the needs of platinum for ornaments grew and overtook Japan for the worlds highest needs of platinum. Meanwhile, for its high catalytic activity, it is used in exhaust gas purification catalyst for cars in the industrial field. Also, it is used in car components because it is chemicaly stable, highly durable, and it can perform well in any environment. In the future, it is expected that new demands in the advanced technology field will expand such as fuel cells used in next generation cars.
|Listed Commodity Component products||
|Target of Trade||
Platinum of minimum 99.95% fineness
|Type of Trade||
Cash-settled Rolling Spot Futures Transaction
|Minimum Price Fluctuation||
［Day Sessions］ 9:00a.m. – 3:00p.m.
One Clearing Period (Rolling Spot Futures)
|Theoretical spot price||
The price determined by multiplying the average middle rate of Platinum(XPT) distributed by the news media determined by the Exchange and the average middle exchange rate(Dollars-Yen) of the same news media.
For details refer to Article 2 of ［ the Enforcement Rules of Cash-settled Rolling Spot Futures Transactions ］
|About Rolling Spot Futures||
If there is no offsetting resale or repurchase of the Rolling Spot Futures contract, the contract will close right before theIf there is no offsetting resale or repurchase of the Rolling Spot Futures contract, the contract will close right before the trading hour of the next clearing period starts and simultaneously, immediately the next clearing period starts, a new contract with the same content will establish
Upper Limit The settlement price of the previous clearing period × 1.1
Refer to article Ⅱ.1.(1) of ［ the Enforcement Rules on Market Management (Precious Metals Market) ］