The latest Pulse event was mixed for prices.

Medium heat SMP prices were flat, settling at US$2,785/t, unchanged from GDT #364 and 0.5% lower than the price achieved at the previous Pulse event. The nearest SGX-NZX SMP future price settled at US$2,840/t.

Regular grade WMP prices rose to US$3,540/t, up 3.7% from the GDT #364 and 3.2% higher than prices at the latest Pulse event. The nearest SGX-NZX futures price settled at US$3,425/t prior to the event.

The event spanned 15 rounds over 30 minutes where 21 winning bidders took home 2,196t of the 2,250t product on offer.