Pulse drops

by | Nov 1, 2023 | GDT, Global

The gloss from the latest GDT event has worn off. GDT Pulse #36 saw prices fall for both WMP and SMP.

WMP settled at US$2,930/t, down 2.8% from GDT event #342 and down 1.5% from the previous GDT Pulse event. The SGX-NZX WMP futures contract with November delivery settled at US$3,050/t. At the Pulse event, SMP settled at US$2,480/t, down 6.2% from GDT #342 and down US$60/t from the prior Pulse event. The SGX-NZX November SMP futures price settled at US$2,690/t.  

There were 24 winning bidders out of 37 participating bidders across 10 rounds taking 20 minutes with 2,050t sold of the 2,254t on offer.