December 2026 palladium futures were quoted at $1,318.00 per troy ounce in Yahoo Finance’s delayed series timestamped 08:51:51 UTC (14:21:51 IST) on September 16. The timestamp identifies the market observation, which precedes the preparation of this article.
Where palladium stood during the session
The reported low was $1,308.50 and the high was $1,334.00. At $1,318, the contract was $9.50 above the low and $16.00 below the high. The midpoint of the $25.50 range was $1,321.25, placing this quote $3.25 below that midpoint.
Range position is descriptive, not evidence that selling dominated buying or that the next move will continue in either direction. This snapshot also does not contain a verified change in inventories, vehicle production or metal recycling.
Dollar exposure is not the margin deposit
CME’s palladium overview identifies 100 troy ounces as the standard contract quantity. Multiplying the quote by that amount gives $131,800 of notional exposure. The recorded range corresponds to $2,550 across that quantity. Actual margin, fees and execution prices are different inputs and can materially affect a position.
Palladium and platinum are separate metals with different contracts and market conditions. A difference between their per-ounce prices is not by itself evidence of substitution taking place today; industrial use decisions require more than a single market comparison.
The specific PAZ26 December history gives a September 15 reference of $1,302.60. The quote was $15.40 higher, a 1.18% advance; the gain across 100 ounces equals $1,540 before costs. This remains an unfinished-session futures observation, not a final September 16 settlement or physical-delivery invoice. Research and calculations were AI-assisted, with no independent human review represented.