latest GDT Pulse event was mixed for SMP and WMP prices.
Regular grade WMP rose US$20/t from the latest GDT event #365 to US$3,525/t, with the price declining 0.4% compared to the prior Pulse auction. The nearest SGX-NZX WMP futures contract settled overshot the mark, settling at US$3,565/t prior to the Pulse event.
A bigger correction occurred for medium heat SMP, which achieved a price point of US$2,755/t—down 1.4% from GDT #365 and –1.1% lower than prices achieved at the prior Pulse event. The nearest SGX-NZX futures contract settled at US$2,820/t.
The auction lasted eight rounds with 31 winning bidders out of 50 participants taking home 2,241t of 2,250t on offer. Last night’s Pulse event had 3 more participants from the previous event and 11 more winning bidders.
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