Prices for WMP futures eased further at the end of last week. Most contracts have come back at least US$100/t since the beginning of the week. The May 2016 WMP contract eased by US$270/t.
There were just 5 trades on Thursday and 7 trades on Friday, all for WMP contracts. There were some larger trades on Thursday however – two trades were for 200t and one for 100t. Prices were between US$2410/t and US$2620/t. Trades on Friday were for much smaller volumes, except for one 100t trade, at a value of US$2450/t, for the February 2016 contract.
Volumes traded in WMP were much higher last week than they have been since the beginning of November, with a total of 3,207t traded (+1326t on the previous week). Volumes were down for SMP, trading 163t less than the previous week, with a total of 200t traded. AMF and butter did not trade.
Open interest positions were down for all products. WMP closed the week at 26,749 open positions (-14.16%), SMP at 4523 open positions (-24.14%), AMF at 400 open positions (-42.61%) and butter closed the week at 400 open positions (-34.43%).
