GDT held their 20th Pulse Auction today. Highlights include:
- C2 (June ’23) Regular WMP – $3,005/MT, DOWN 0.5% or -$15/MT vs. last week’s GDT Auction on 4 April.
- 909MT or 90.9% of the total 1,000MT on offer was sold. Out of 28 participating bidders (+4 bidders vs. prior Pulse), there were 16 winning bidders (+3 vs. prior Pulse) over 8 bidding rounds (-1 from prior Pulse).
- WMP prices fell further this event to set a new GDT Pulse auction low as weak demand and a poor global macroeconomic environment keep sentiment bearish.
