This week’s Pulse event was positive for powders.

Regular grade NZ WMP settled at US$3,610/t, +1.5% higher than GDT #410 and +2.8% on the previous Pulse settle price. Instant NZ WMP also gained from the last event, up US$100/t to US$3,705/t. Medium heat SMP prices also gained. Fonterra MH SMP settled at US$3,595/t, up +3.8% on GDT #410 and +7.8% on the previous Pulse event. Arla MH SMP settled at US$3,505/t, +4.3% ahead of the latest Pulse event.