Regular grade WMP prices settled at US$3,900/t at last night’s auction, down 1% from GDT #369 and 0.1% lower than the previous Pulse event. The nearest SGX-NZX futures contract finished US$40/t higher at US$3,940/t.

Medium heat SMP prices fell 2.4% from GDT #369 to US$2,805/t, down 3.1% from the previous Pulse. The nearest SGX-NZX futures contract for December settled at US$2,870/t. 

There were 36 winning bidders for 2,206t of the 2,250t product on offer in an event that spanned eight rounds over 16 minutes.