Pulse Prices Down

by | Jul 11, 2024 | GDT, Global

The latest Pulse event was a return to negative for both regular grade WMP and medium heat SMP prices.

 Regular grade WMP prices fell -1.6% from GDT #359 to US$3,150/t. The price is -5.8% lower than the previous Pulse result. The nearest SGX-NZX WMP futures contract settled at US$3,170/t before the event. Medium heat SMP prices were –0.8% lower than GDT#359, settling at US$2,550/t but rose +0.4% from the previous Pulse event.

The Pulse event ran for 28 minutes, spanning 14 rounds with 19 winning bidders taking home 1,752t of the 1,750t product on offer.