Prices for NZ product softened at GDT Pulse this week with C2 regular WMP decreasing -0.6% against GDT #390 and     –2.5% against the previous Pulse. Prices settled at US$3,560/t, US$80/t ahead of the closest SGX-NZX futures contract.      

Medium heat NZ SMP settled at US$2,530/t,  declining 1% against GDT #390 and –2.1% against the prior Pulse event. Arla SMP sold at the event, but the quantity was insufficient to meet platform requirements for prices to be published.