# Autocatalysts: Trading

How metal and fabrication are priced separately for carmakers

Source page: https://www.materialinsights.org/chemicals/autocatalysts/trading/

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 Report](https://matthey.com/pgm-market-research)free research site · Johnson Matthey

PGM demand by use, including autocatalysts
[Platinum Quarterly](https://platinuminvestment.com/)free research site · World Platinum Investment Council

platinum automotive demand and balances
[Johnson Matthey investor results](https://www.matthey.com/investors)free research site · Johnson Matthey

Clean Air sales and margins
[Umicore newsroom](https://www.umicore.com/media/newsroom/full-year-results-2025)free research site · Umicore

Catalysis and recycling results

## Other sections

- [Summary](https://www.materialinsights.org/chemicals/autocatalysts/index.md)
- [Overview](https://www.materialinsights.org/chemicals/autocatalysts/overview/index.md)
- [Correlation](https://www.materialinsights.org/chemicals/autocatalysts/correlation/index.md)
- [Production route](https://www.materialinsights.org/chemicals/autocatalysts/routes/index.md)
- [Production](https://www.materialinsights.org/chemicals/autocatalysts/production/index.md)
- [Feedstocks](https://www.materialinsights.org/chemicals/autocatalysts/feedstocks/index.md)
- [Cycles](https://www.materialinsights.org/chemicals/autocatalysts/cycles/index.md)
- [Movement](https://www.materialinsights.org/chemicals/autocatalysts/movement/index.md)
- [Regulation](https://www.materialinsights.org/chemicals/autocatalysts/regulation/index.md)
- [Characteristics](https://www.materialinsights.org/chemicals/autocatalysts/characteristics/index.md)
- [Emissions](https://www.materialinsights.org/chemicals/autocatalysts/emissions/index.md)
- [Relationships](https://www.materialinsights.org/chemicals/autocatalysts/links/index.md)