GDT held their 22th Pulse Auction today. Highlights include:
- C2 (July ’23) Regular WMP – $3,175/MT, DOWN 0.5% or -$15/MT vs. last week’s GDT Auction on 2 May.
- 1,000MT or 100% of the total 1,000MT on offer was sold. Out of 30 participating bidders (-1 bidders vs. prior Pulse), there were 15 winning bidders (No Change vs. prior Pulse) over 10 bidding rounds (-3 from prior Pulse).
- After three consecutive weeks of bullish momentum, WMP prices moved lower this auction as ample supplies were enough to meet the current level of demand allowing buyers to secure product without pushing prices higher.