Prices Lift on Pulse

by | Apr 11, 2024 | GDT, Global

Regular grade WMP prices rose at this week’s GDT Pulse event with prices up 0.6% against GDT event #353 and 5.1% ahead of the previous Pulse event at US$3,215/t. Instant WMP settled at US$3,310/t, taking the weighted average WMP price  to US$3,280/t. Futures settled higher with the April SGX-NZX WMP futures closing at US$3,280/t.               

Medium heat SMP prices were 2.6% higher, settling at US$2,550/t, 2.6% ahead of the contracts achieved at GDT #353. The nearest futures contract (April 2024) settled US$10/t higher at US$2,560/t

The Pulse event ran for 20 minutes with 18 winning bidders out of 42 participants taking home 1,697t of the 1,750t of product on offer.