This week’s GDT Pulse event was mixed with WMP lifting and SMP declining on last week’s GDT auction. The 24 winning bidders purchased 1,721t of the 1,750t on offer.

Regular WMP was up 0.6% from GDT #378, settling at US$4,130/t—3.8% higher than the previous Pulse auction. Meanwhile, instant grade WMP settled at US$4,250/t. The nearest SGX-NZX futures contract settled at US$4,160/t prior to the event.

The outcome for medium heat SMP was the complete opposite to WMP with the price settling 0.9% lower than GDT #378 at US$2,880/t but 2.9% higher than the previous Pulse price. The nearest futures contract settled at US$2,985/t.