Autocatalysts: Trading
How metal and fabrication are priced separately for carmakers
What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.Who buys, and where
- Carmakers and truck makers buy coated catalysts from JM, Umicore, BASF and Cataler on model-life contracts
- Indian carmakers and two-wheeler makers source from local plants of global coaters
Who sells, and from where
- Coaters supply exhaust system makers and carmakers
- Scrap converters are sold to recyclers who pay by assay
Price benchmarks
| Benchmark | Publisher | Basis |
|---|---|---|
| LBMA Platinum and Palladium Prices | LBMA / LME | twice-daily auction; used for metal pass-through |
| Johnson Matthey base prices (rhodium) | Johnson Matthey | daily dealer price |
Exchanges
| Venue | Contract | Notes |
|---|---|---|
| NYMEX (CME Group) | Platinum 50 oz, palladium 100 oz futures | metal hedging; no catalyst contract |
Contract types
- Fabrication price plus metal at market or metal supplied by the carmaker
- Metal leases
- Recycling and toll refining contracts with assay-based payables
Traders and distributors
- Johnson Matthey, Heraeus, Umicore and BASF as refiner-traders
- Bullion banks
How Indian buyers price it
- Metal priced at LBMA plus import duty and GST; fabrication priced per part
- No Indian exchange contract for PGMs
Recent price points
| Date | Price | Basis | Source |
|---|---|---|---|
| Sep 2026 | $1,784/oz platinum | monthly average | World Bank Pink Sheet (platinum tile) |
| 28 Sep 2026 | $8,525/oz rhodium (bid) | dealer | Kitco via Farmonaut (rhodium tile) |
| 23 Oct 2026 | about $1,050/oz palladium | spot | Mining.com (palladium tile) |
Good sources to follow
PGM Market Reportfree research site · Johnson MattheyPGM demand by use, including autocatalysts
Platinum Quarterlyfree research site · World Platinum Investment Councilplatinum automotive demand and balances
Johnson Matthey investor resultsfree research site · Johnson MattheyClean Air sales and margins
Umicore newsroomfree research site · UmicoreCatalysis and recycling results