Today No.11 opened at 22.47, same level of yesterday settlement. Largest volume bar of the day was seen just after opening on a 3k lots of liquidations, putting pressure on No.11 and pushing it down to 22.15. At 9am, more selling took place following previous trades and market lost further power and breached the 22c mark. There was a recovery attempt just before 10am at 22.10 but there was no continuation. Low volumes and selling appetite brought back No.11 to 21.85. At 11h30, another big liquidation was seen, and this led market to trade at daily low 21.48 near 12am. Sustained buying took place after daily low, and market steadily recovered, at 2pm, traded at 22.20. During the next few trading hours, market saw some recovery with some more resistance. Volatility showed some relief during the session, closing near -0.5% along the term. At 4h30pm, market traded at 22.60 and closed valued at 22.51. Settlement price was 22.59, up 12 points. Volume traded was 114 lots ad H4K4 spread went up 3 points, closing at 0.85.
Today whites market opened at $632.7, $5.3 below yesterday’s settlement. Liquidations were seen in the morning with No.5 trading at $625 near 11am. Daily low was registered near 12pm, at $617.7. Recovery was seen during the rest of the session, at 1pm, market got the $625 back and by 2pm, was near opening levels. Market kept some strength during the afternoon however with some resistance. Daily high was touched at 4h30pm at 641.7, followed by some losses that led whites to trade at $635. Recovery was seen until closing at $638.1. Settlement price was 639.7, up $2, volume trade Was 9k lots and H4H4 WP closed at $140.
