[Trading] CME NYMEX:PL 1 oz Platinum Futures price in US dollars (1 oz / USD)
Platinum : Sign of physical platinum: Pt from Spanish term "platino" meaning "little silver". Atomic number: 78. Platinum occurs in nickel and copper ores along with some native deposits, mostly in South Africa, which accounts for 80% of the world production. Because of its scarcity in Earth's crust, only a few hundred tonnes are produced annually, and given its important uses, it is highly valuable and is a major precious metal commodity. Platinum is used in catalytic converters, laboratory equipment, electrical contacts and electrodes, platinum resistance thermometers, dentistry equipment, and jewelry. Being a heavy metal, it leads to health problems upon exposure to its salts.
Platinum Futures (CME NYMEX: PL) : Product Code: CME Globex: PL. Contract Unit: 50 troy ounces. Price Quotation: U.S. dollars and cents per troy ounce. Minimum Price Fluctuation: Outright: 0.10 per troy ounce = $5.00. Trading Hours: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT). Termination Of Trading: Trading terminates on the third last business day of the delivery month. Settlement Method: Deliverable. Listed Contracts: Monthly contracts listed for 3 consecutive months and any January, April, July, and October in the nearest 15 months. Grade And Quality: shall be a minimum of 99.95% pure. 1 troy ounce (oz t) = 31.1034768 grams.