Regular WMP prices settled at US$3,260/t at the latest GDT Pulse event, up 1.6% from GDT #361 and 5.2% higher than the previous Pulse event. The nearest SGX-NZX WMP futures contract settled at US$3,230/t.

Medium heat SMP prices rose 2.4% from GDT #361, settling at US$2,550/t, up 2.8% on the prior Pulse auction.

This week’s Pulse auction spanned 12 rounds over 24 minutes with 25 winning bidders out of 49 participants, buying all of the 2,000t on offer.