by Freshagenda | Mar 7, 2024 | GDT, Global
The overall decline in prices at event #351 sent the GDT index down 2.3%. The decline was widely expected with weakness in SMP in the past couple of weeks as higher milk output in the EU spring looks more likely. The weaker demand outlook for WMP post-Chinese New...
by Freshagenda | Feb 29, 2024 | GDT, Global
Prices for WMP and SMP slid compared to GDT event #350 and the previous event, at this week’s Pulse auction. Regular WMP C2 prices fell US$100/t to US$3,230/t from GDT #350, down US$105/t from the Pulse event #44. Medium heat SMP fell US$75/t from GDT #350 to...
by Freshagenda | Feb 22, 2024 | GDT, Global
GDT event #350 recorded a 0.5% increase in the overall price index on the lowest volume offered since June last year. WMP prices were expected to weaken with the slippage in futures prices in the past 2 weeks, and they obliged, down US$74/t to US$3,388/t. This was...
by Freshagenda | Feb 15, 2024 | GDT, Global
This week prices fell for both WMP and SMP compared to the recent GDT event #349, but remains higher for both regular WMP and medium heat SMP C2 compared to the last Pulse event. While medium heat SMP fell US$5/t to US$2,770/t, it remains US$120/t ahead of the...
by Freshagenda | Feb 8, 2024 | GDT, Global
The GDT price index rose again this week, recording the biggest improvement in this 5-event rally of 4.2%. SMP posted it’s best price gain in four month, with prices rising 4.6% to average US$2,758/t. With EU product facing Red Sea issues, and limited availability,...
by Freshagenda | Jan 31, 2024 | GDT, Global
This week’s Pulse event delivered a slight rise in prices with regular grade WMP settling at US$3,270/t, up US$20/t from the C2 price at last week’s GDT. Futures markets were more optimistic, the nearest SGX-NZX WMP futures contract (February 2024) settled at...
