Both powders recorded price declines at this week’s GDT Pulse event.

Regular grade WMP prices fell 3.8% compared to GDT #380 and were 3.5% lower than the price achieved at the prior Pulse event, settling at US$4,185/t. The nearest SGX-NZX futures contract settled at US$4,245/t—ahead of the achieved result.

Meanwhile, NZ medium heat SMP prices faired slightly better, declining 1.7% on GDT #380 and the prior Pulse event, settling at US$2,850/t. The SGX-NZX June future contract settled at US$2,965/t, US$115 ahead of the Pulse result.

Of the 2,150t product on offer, 22 winning bidders purchased 2,085t in 11 rounds spanning 24 minutes.