Today No.11 opened at 27.24, 5 points below yesterday’s settlement. Just after the opening market saw further selling pressure, when 27.00 level was reached around 9am. Some recovery was seen just after when market traded back to 27.20. Further losses followed with market not being able to trade away from the 27c line from 10am to 12pm. Sellers kept putting market under pressure, with bigger trading volumes coming up near 1pm, when the daily low was recorded at 26.80. A recovery attempt followed as buyers took advantage of the daily low, leading market to trade at 27.15 near 2h30pm. Some correction was afterwards seen with little volume being traded and No.11 closed valued at 26.85. Settlement price was 26.85 -0.44 points from previous settlement. Volume traded was 39k lots and H4K4 spread closed valued at 1.27 (-0.03). 
Today, Dec’23 moved down in the opening, recording a decrease of $1.76 USD/Mt, opening at $736.2. In the first 30 minutes, the market was able to maintain the opening levels but soon started going down due to selling pressure. Around 10am it was trading around $731. Dec’23 remained going slightly down for the next few hours, until 2pm, when the daily low until then was registered at $725.6. Just after, market initiated a recovery movement but lacked the strength to sustain it. Around 2h30pm, it recovered $732 but was soon down again at 4pm, when was trading at $729. In the last trading hour, market was seeing some liquidation, pushing Dec’23 back to the $726 levels. Market closed at $726.2, settlement price was $726.5, -11.3 move from yesterday’s settlement and a -1.53% change from the previous session. Dec’23 registered 3.9K lots of volume, and the Z3/H4 spread closed at +$4.6.
