Both SMP and WMP powder prices achieved this week were the highest since the inception of Pulse auctions.

Regular grade WMP prices settled at US$3,800/t, up US$135/t or 3.7% compared to C2 at GDT #367 and 5.3% higher than the previous Pulse event. The nearest SGX-NZX WMP futures contract was just shy at US$3,745/t prior to the auction.

Medium heat SMP prices rose 2.3% compared to GDT #367 at US$2,915/t. The price is 1.9% higher than the prior Pulse event. The SGX-NZX November-24 futures contract settled at US$2,900/t prior to the event.