GFEX Trading Data
Guangzhou Futures Exchange — Platinum and Palladium futures
Platinum
Track GFEX platinum futures with daily settlement prices, OHLCV data, and open interest. China is a major platinum consumer for automotive catalysts and jewelry.
Palladium
Track GFEX palladium futures with daily settlement prices, OHLCV data, and open interest. Palladium demand is driven by gasoline catalytic converters and electronics.
About GFEX
The Guangzhou Futures Exchange (GFEX) is China's newest futures exchange, launching platinum and palladium futures contracts in November 2025. GFEX Pt/Pd contracts trade at 1,000 grams per lot with prices quoted in CNY per gram. Trading hours are 9:00-15:00 Beijing time with no night session. As the only exchange in China offering platinum and palladium futures, GFEX provides important price discovery for these metals in the Chinese market.
Why GFEX Matters for Global PGM Markets
GFEX is China's newest futures exchange, launched in 2021 in Guangzhou. It is the first Chinese exchange to list platinum and palladium futures, filling a significant gap in the country's commodity derivatives landscape.
China is a major consumer of platinum group metals (PGMs), with demand driven by automotive catalytic converters, jewelry manufacturing, and emerging fuel cell technology. GFEX provides critical price discovery for the Chinese domestic PGM market, allowing local producers, refiners, and manufacturers to hedge their exposure without relying solely on international benchmarks.
As China's EV transition accelerates, the traditional catalytic converter demand for PGMs is evolving. GFEX has become an important venue for tracking these shifting demand patterns, offering real-time insight into how China's automotive transformation is reshaping the global PGM market.
GFEX vs NYMEX for Platinum Group Metals
GFEX and NYMEX are the two primary exchanges for trading platinum and palladium futures. The table below highlights the key differences between these venues.
| Feature | GFEX (Guangzhou) | NYMEX (New York) |
|---|---|---|
| Metals Listed | Platinum, Palladium | Platinum, Palladium |
| Currency | CNY/gram | USD/oz |
| Settlement | Physical delivery | Mostly cash settled |
| Market Focus | Chinese domestic demand | Global benchmark |
| Trading Hours | Beijing time sessions | Nearly 24h electronic |
| Established | 2021 | 1882 |
Data Sources & Methodology
We source GFEX settlement prices from official Guangzhou Futures Exchange data feeds, capturing daily settlement, open, high, low, close, volume, and open interest for all active platinum and palladium contracts.
Prices are converted from CNY/gram to USD/troy ounce using real-time exchange rates from our multi-provider currency service. One troy ounce equals 31.1035 grams, and the CNY/USD rate is updated continuously throughout the trading day.
Data is updated after each GFEX trading session, typically by 16:00 Beijing time (08:00 UTC). Historical data is available from the launch of GFEX PGM contracts in November 2025.
Frequently Asked Questions
- What is GFEX?
- The Guangzhou Futures Exchange (GFEX) is China's newest commodity futures exchange, established in 2021. It's the first Chinese exchange to offer platinum and palladium futures contracts, providing domestic price discovery for platinum group metals.
- What metals are traded on GFEX?
- GFEX currently lists platinum and palladium futures contracts. It also trades industrial silicon and lithium carbonate futures. The exchange plans to expand its precious metals offerings over time.
- How does GFEX compare to NYMEX?
- GFEX focuses on Chinese domestic PGM demand and trades in CNY, while NYMEX is the global benchmark trading in USD. GFEX requires physical delivery, making it a more direct reflection of Chinese physical demand, whereas NYMEX is primarily cash-settled.
- Can international investors trade on GFEX?
- GFEX access for international investors is currently limited. Foreign participation is being gradually expanded, similar to the path taken by SHFE and SGE. Most international investors access GFEX exposure through related NYMEX contracts or OTC products.