NZ regular WMP settled at US$3,295/t at this week’s GDT Pulse event, down US$150/t from the previous pulse and US$110/t lower than GDT #392 settle price. The expectation was for a lower settle price as the nearest SGX—NZX futures contract settled lower at US$3,245/t. Instant WMP settled at US$3,400/t—US$140/t, lower than the previous Pulse settle price.      

Medium heat SMP eased 1.2% on GDT #392, settling at US$2,535/t and ahead of the nearest SGX-NZX futures contract. Arla MH SMP settled at US$2,395/t, 0.6% lower than GDT #392.