Today No.11 opened at 17.88, an increase of 2 points above yesterday’s settlement. After the opening, market printed a small upward movement with the Mar’23 back to 17.91 and staying between the 17.85 – 17.90 zone until 12h00 when it dropped to the 17.80 – 17.85 range. At 1h15pm another upward movement was seen, leading the H3 to reach the daily high at 17.93, but market fell right after that and stayed between the 17.70 – 17.75 range for the rest of the session, hitting the daily low of 17.69 five minutes before closing. The settlement price was 17.71, -0.15 compared to yesterday’s settlement and a -0.84% change from the previous session. Mar 23 registered 66K lots of volume, and the H23/K23 spread closed at +0.92.
Today the white sugar market opened with the Mar’23 at 487.6 USD/mt, a decrease of 0.5 compared to yesterday’s settlement. During the morning, following the raws sugar market, prices printed an upward movement, hitting 489.2 and staying very calm between the 488.0 – 489.9 range on the morning until the early afternoon. After that, an downward movement pushed the market to decrease slowly for the next hours with the Mar’23 hitting the daily low at 485.10 around 16:55. A recovery attempt was seen on the following moments but without success, leading the Mar’23 to close valued at 485.6, an increase of -2.5USD/Mt (-0.51%) against yesterday’s close, with the White premium at 95.16 , and the Mar/May’23 spread at 8.2.
