Both SMP and WMP prices, settled higher at this week’s Pulse auction.
Regular grade WMP prices settled at US$3,610/t, up US$75/t from the prior Pulse event and 3.1% ahead of prices achieved at GDT #366. The nearest SGX-NZX futures prices settled at US$3,565/t. Medium heat SMP rose 2% from the latest Pulse event, last night settling at US$2,860/t, +4% on the C2 SMP medium heat price achieved at GDT #366. The nearest SGX-NZX futures price settled US$40/t shy of this result prior to the Pulse event.
The event lasted 32 minutes with 20 winning bidders of 46 participants taking 2,199t of the 2,250t product on offer.
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