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Today No.11 market opened at 20.10, 1 point above Friday’s settlement. The first half trading hour was marked by a sideways movement around the 20.10 zone. At 9 am, buying power consolidated and volumes increased, leading to an uptrend that took prices from 20.10 to 20.42 at 11am. A subtle correction followed, and market traded in a lateralized downward movement in the 20.35 channel, with spikes in both directions, from 20.27 to 20.42 when at 2pm the daily high was recorded. At that point, sellers acted stronger and in the next half an hour, prices were at 20.18. Sellers continued to press until 5h15pm, when the daily low of 20.03 was recorded. In the last trading hour, big buying volumes pushed the market back to the 20.20s and closed at 20.18, settlement price was 20.14, + 5 points from Friday’s settlement (+0.25 % change). SB H3K3 Spread closed at 1.21. Volume traded was 53k lots.
Whites H23 opened at $547.3, a $0.5 change from Friday’s settlement. Just after the opening, market watched strong buying power, leading H3 to trade at $558.9 at 11am. Market went sideways after this high, consolidating in the $556 – $558 range. After 1pm, more volatility was seen, and the market registered its daily high at $558.90. From that time until settlement, a downward trend showed up, until prices reached $545.90 at 5h15pm (daily low). Market recovered in the last trading hour and settled valued at 553.20 a $6.40 change from Friday’s settlement (+ 1.17%) with the white premium at 107.91 and Mar/may spread at $17.5.
