No.11 market opened at 18.31, 15 points below the previous day’s settlement which coincidentally was the daily low. After the opening, market gradually started to recover, reaching the 18.63 level around 1pm. The next hour was marked by a correction, when market got back to the 18.36 level. From that time until the end of trading day, market recovered with strength, when in the five last trading minutes, reached the daily high at 18.73 and retreated to close at 18.69. The settlement price for H3 was 18.68, +0.22 from yesterday’s settlement and a +1.19% change from the previous session. The V22/H23 spread closed with no change at +0.88. The volume traded was 73k lots.
Today the white sugar market kept yesterday’s Dec’22 close level at 551.30. During the morning, the market was calm, staying between the 551 – 552 range. One movement dropped the market to 548.70 around 11am. In the early afternoon, a bullish movement printed in the market, with the Sugar following some of the other commodities. From 1:30pm to 3:20pm the market kept rising constantly with the Dec’22 hitting its high at 550 around 14h20. After that, market dropped quickly reaching the low of the day with the Dec’22 valued at 548.30. Another upward movement marked the last trading hour, leading the Dec’22 to close valued at 552.8, an increase of 1.5USD/Mt (+0.27%) against last day close, with the White premium at 140.98 , and the Dec’22/Mar’23 spread at 43.4.
