No.11 market opened at 17.89, 6 points above the previous day’s settlement. It was a relatively calm day with the No.11 working in a 24 points range. During the morning, the market had just small movements remaining valued between 17.87 – 17.99. Right after 1 pm market dropped on a downward movement and reached the minimum of the day with the Oct’22 valued at 17.80. After that movement, the market recovered in the next hours leading the Oct’22 to reach 18.04 around 3h25pm but falling in the sequence staying in the last trading hours in the 17.84 – 17.90 range until the last minutes when a series of buyers rose the prices. The settlement price was 17.89, a -0.05 change from yesterday’s settlement and a – 0.28% change from the previous session. Oct 22 registered 36k lots of volume, and the V22/H23 spread closed at +5.
The market opened at 551 (+1.5 USD/Mt), with a slight increase compared to yesterday. During the morning, a sequence of volumes from buyers hit the market around 09h30am, leading Oct’22 to hit 552, the highest value of the day. At about 11 am, after some minutes without any trade the market gave in and dropped 2.20 USD/Mt and until the early afternoon, the market kept falling until Oct’22 reaches 547.50. In the early afternoon, the market printed a bullish movement to recover some of the losses in the morning rising for the next hours surpassing 550 but dropping right after staying in 548 – 549 until the last 15 minutes when it back to rise making the Oct’22 to close valued at 549.80, an increase of 0.30 USD/Mt (+0.05%) against Friday close, with the White premium at 155.39, and the Oct/Dec’22 spread at 32.8.
