WMP eased slightly at this week’s Pulse auction to average US$3,263/t. Regular grade WMP was down US$20/t at the Pulse auction compared to last week’s GDT event to settle at US$3,250/t, US$40/t higher than the prior Pulse auction. The nearest SGX-NZX WMP futures contract for February settled at US$3,340/t.
Medium heat SMP prices rose US$55/t from the C2 price achieved at last week’s GDT auction, to US$2,645/t. It is also US$95/t higher than the price achieved at the Pulse auction a fortnight ago. The futures market was again more upbeat, with the February SGX-NZX SMP future settling US$15/t higher at US$2,660/t.