Platinum Futures (PL) — Contract Specifications
NYMEX · Metals
A thinner market than gold or silver, with a quarterly January cycle rather than the even-month gold cycle.
Contract specifications
| Exchange symbol | PL |
|---|---|
| Exchange | NYMEX |
| Contract size | 50 troy ounces |
| Minimum tick | $0.10 per troy ounce |
| Value per tick | $5.00 |
| Contract months | Jan, Apr, Jul, OctMonth codes: F, J, N, V |
| Settlement | Physical delivery |
| Trading hours | Sun–Fri 18:00–17:00 ET, 60-minute break each day at 17:00 ET |
What one tick is worth
The minimum price increment is $0.10 per troy ounce. Because the contract covers 50 troy ounces, each tick is worth $5.00 per contract.
This contract is physically delivered. Holding it past first notice day starts the delivery process, so traders without a use for the underlying normally close or roll well before then — see how rollover works.
Other contracts on this market
| Contract | Size | Per tick |
|---|---|---|
| Palladium PA · NYMEX | 100 troy ounces | $10.00 |