Today, the Dec’23 contract opened at a price of $720.8, marking a decrease of 1.7 USD/Mt compared to the closing figure of $727.3 recorded on Friday. Only in the first minute of trading, Dec ’23 demonstrated strength by exceeding the last settlement level, reaching a high price for the day at $728.90 at 08h45. However, in the subsequent minutes, the market saw a decline until it reached the $720.00 level, where it found some support. Over the next few hours, the market attempted to recover, fluctuating between the $720 and $723 range. Only around 1h30 pm, the market managed to surpass the $725 level. In the following hours, the market remained volatile, rapidly fluctuating between levels below $721 and above $725, but ended up closing at $725. This represented a decrease of -$2.3 from yesterday’s settlement and a -0.32% change from the previous session. Mar’24 registered a volume of 4,000 lots, and the Z3/H4 spread closed at +$4.3.
Today No.11 market opened at 27.09, +6 points above yesterday’s settlement. Opening optimism was not enough sustained and just after that market saw a downward move, trading around 26.92 at 9 am. Further selling was registered in the subsequent hour, when market registered its daily low, trading at 26.80. Some recovery was seen until 12pm, although volumes traded were still low. At that point, market recovered the 26.95 level. It was only at 1 pm when biggest daily spike was seen, recovering to 27.05 from a 26.85 low. Some volatility was registered during the afternoon, with market trading sideways between 26.85 and 27.05. Around 4 pm, market was trading nearby 26.95 and near closing, it saw recovery to 27.05 however retreated in the last few trading minutes, closing valued at 26.99. Settlement price was 27.05, +2 points above yesterday’s settlement. Volume traded was 37k lots and H4K4 spread went up 1 point, settling at 1.30.
