The latest GDT Pulse event was a positive one for regular grade WMP lifting 2.9% to US$3,905/t from prices achieved at GDT #368 up 2.8% higher on the prior Pulse event. The nearest SGX-NZX futures contract settled at US$3,915/t prior to the event.

Meanwhile, medium heat SMP prices edged up 0.2% to US$2,895/t compared to GDT #368 and was down 0.7% from the prior Pulse. The SGX-NZX futures contract for December settled at US$2,940/t, US$45/t higher than the price achieved.

More participants turned up to the auction with 22 winning bidders out of 44 participants taking home 2,204t of 2,250t on offer.