Weekly Commentary: Heavier than expected auction volumes drives down prices as market reacts to sell-side pressure

August 31, 2020 by Anant Jain

Summary: ICE traded volumes double to 18.2M tons Results for joint Auction 24 were announced on Tuesday 25th, see our coverage here Sep20 delivery informs auction price discovery; opportunity for arbitrage with August ACP contract drives down prices by $0.08 on Tuesday as predicted. CFTC (18th Aug): Compliance entities increase…

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