Today No.11 opened at 27.75, 3 points below yesterday’s settlement. During the morning, trading activity was small, and market traded slightly down towards 27.65 un 1pm. Just after America’s opening market saw more volume and selling pressure brought market down. By 1h30pm, trading levels were at 27.50, one hour later, further liquidation made market drop to 27.30. Sideways movements were seen from 3 pm until closing, with market ending the week at 27.33. Settlement price was 27.29, 49 points down from previous settlement. Volume traded was 55k lots.
Today, Dec’23 opened at $758.1, experiencing an increase of $1.5 USD/Mt. In the first 30 minutes, the market was able to maintain the opening levels with short movements between $756 and $759. In the last Friday before the expiry Dec’23 remained stable for the next few hours, trading above $756 and below $760. Around 13:00h, a downward movement emerged, causing Dec ’23 prices to decline in the following hours. This trend persisted until the market closed, following the NY#11 prices, with the low at 746. 90 minutes before the end of the market and led the settlement price to close at $747.3, a decrease of -$9.3 from yesterday’s settlement and a -1.23% change from the previous session. Dec’23 recorded a volume of 7k lots, and the Z3/H4 spread closed at +10.3.
