Powders Maintain Momentum

by | Jan 30, 2025 | GDT

This week’s GDT Pulse event continued the upward momentum for New Zealand powders.

WMP Regular broke the US$4,000/t barrier by US$10/t rising 1.6% or US$65/t from last week’s GDT auction #372 C2 price and finished 6.4% higher than the prior Pulse event. The result was in line with SGX March futures.

Medium heat SMP price rose 1.4% or US$40/t above the C2 price achieved at GDT auction #372 which was 3.8% above the previous Pulse, but US$110/t below the March futures benchmark.

 

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