Platinum Futures (PL) | Contract Overview

Q: What is the ticker symbol for Platinum futures?

The primary ticker for Platinum futures is PL on the NYMEX division of CME Group.

Q: What is the contract size for Platinum futures?

Each standard Platinum futures contract represents 50 troy ounces of platinum . The contract’s total value equals 50 × the current platinum price per ounce.

Q: What are the trading hours for Platinum futures?

Platinum futures trade nearly 24 hours per day, Sunday through Friday, on CME Globex: Trading hours: 6:00 p.m. – 5:00 p.m. Central Time Daily maintenance break: 5:00–6:00 p.m. CT This allows traders to respond to global market developments and precious metals news.

Q: Are Platinum futures physically delivered?

Yes, standard Platinum futures are physically deliverable at contract expiration. Most speculative traders, however, close or roll positions before delivery to avoid taking possession.

Q: How much margin is required to trade Platinum futures?

Platinum Futures NYMEX Initial: $16,603 Maintenance: $15,094 Day Margin: $2,000 Overnight Margin: 11,000

What is a Platinum Futures Contract?

Platinum futures (Ticker: PL) are CME-traded contracts representing 50 troy ounces of platinum, with a minimum tick value of $0.10 per ounce ($5 per tick). These highly liquid contracts provide traders with leveraged exposure to platinum prices while requiring lower capital than holding physical metal. Platinum futures are suitable for both short-term trading and longer-term investment or hedging strategies.

What are the contract specifications for Platinum Futures?

The Platinum Futures (PL) is a cash-settled COMEX contract representing 50 troy ounces of platinum, offering a capital-efficient way to trade platinum price fluctuations.

Product:

Platinum

Futures Contract Symbol:

Exchange:

CME

Contract Size:

50 troy ounces

Trading Hours:

Sunday–Friday: 5:00 PM – 4:00 PM CT (Daily break: 4:00 PM – 5:00 PM CT)

Minimum Price Fluctuation:

0.10 per troy ounce = $5.00

Contract Months:

Monthly contracts listed for 3 consecutive months and any Jan, Apr, Jul, and Oct in the nearest 36 months

Settlement Method:

Deliverable

Exchange Fees:

$1.60/contract

Margin Requirements for Platinum Futures

Holding Period:

Day Trading Margins

Overnight Margins

Margins:

$2,000

$11,000

Other contracts can be found on our margins page.

Source: CME

The above information is derived from sources believed to be accurate. It is provided without guarantees and is subject change without notice.

Frequently Asked Questions About Platinum Futures

What are Platinum futures?

Platinum futures are standardized contracts that allow traders to speculate on or hedge the future price of platinum. They trade on commodity exchanges like CME and NYMEX, giving exposure to this precious metal used in automotive, industrial, and jewelry sectors.

What is the ticker symbol for Platinum futures?

What is the contract size for Platinum futures?

What are the trading hours for Platinum futures?

Are Platinum futures physically delivered?

How much margin is required to trade Platinum futures?