GDT price index up 3.3%

GDT price index up 3.3%

WMP prices rose 1.7% to average US$3,408/t at auction #356, with above average demand meeting increased volumes on offer from the previous event. Improved Chinese involvement helped the result, while SE Asian buyers kept volumes above the average to date in 2024. SMP...
GDT price index up 3.3%

GDT Prices Up 1.8%

The price index rose 1.8% during GDT event #355 following two negative Pulse auctions, and despite the lowest Chinese participation since June 2011. WMP led the way with prices rising 2.5% to average US$3,350/t. SMP prices edged higher, averaging US$2,551/t, a 0.4%...
GDT price index up 3.3%

GDT Stalls

The price index edged 0.1% higher at event #354 on a reduced offering for now but news of higher deliveries in coming months. SMP was flat on average, down 0.4% to US$2,541/t as later contract periods flattened, offsetting a 2.6% increase in Fonterra MH C2 price....
Prices Lift on Pulse

Prices Lift on Pulse

Regular grade WMP prices rose at this week’s GDT Pulse event with prices up 0.6% against GDT event #353 and 5.1% ahead of the previous Pulse event at US$3,215/t. Instant WMP settled at US$3,310/t, taking the weighted average WMP price  to US$3,280/t. Futures settled...
GDT price index up 3.3%

GDT index rises

GDT event #353 recovered part of the ground lost at the previous event, with the overall price index up 2.8%. Demand was  above average across commodities, most impressively in fats. Chinese involvement was better than the previous event, but still on the low side of...
GDT price index up 3.3%

Prices down at Pulse auction

The latest Pulse event saw both WMP and SMP prices ease. Regular WMP sold for US$3,060/t lost 1.1% from the GDT event #352 last week and was down 3% from the previous Pulse auction. Instant WMP settled at US$3,155/t. Meanwhile, medium heat SMP prices settled at...