Still no intervention stock shifted and PSA to close

Published 13 February 17

In the latest (4th) tender process for SMP intervention stock, nothing was sold again. Just shy of 1.8k tonnes were applied for, ranging from €1,850/tonne to €1,550.

The results of the latest tender came after the EU Commission announced it is closing PSA for SMP at the end of February, while keeping intervention open until 30 September 17.

The Commission has stated it will continue to monitor the markets and will re-open PSA if it feels the market requires it.