Today No.11 opened at 20.80, 12 points down from yesterday’s settlement. The opening guided the route for the trading day and market kept another negative sentiment environment trading around 20.50 during the morning. Slow liquidation kept going from 11h30am until 4h30pm, with market going from 20.50 to 20.15. There were some recovery attempts during the afternoon at 2h30pm and 4h30pm which were not enough to give market sustaining force. Daily low was registered at 5h30pm, at 20.12. Market saw some recovery into closing at 20.42. Settlement price was 20.24. Volume traded was 76k lots and we saw another day of strong devaluation in spreads with H4K4 closing at 0.29 down 16 points and K4N4 closing at 0.11, down 12 points.
Today whites market opened at $603.3 down $2.5 from previous settlement. Strong liquidation was seen during the early morning when around 10am, market was more stable near the $595 zone. Further downward pressure was seen during the rest of the day with increasing volumes. At 3pm, market was trading at $586. Near 5pm, there was some recovery attempt but not strong enough to prevent daily low just after with market trading at $585.1. Settlement price was $586.7, down $19.1 from yesterday’s settlement. Volume traded was 6.6k lots and H4H4 white premium closed at $139.8.
