Today No.11 K4 opened at 22.05, 12 points below yesterday’s opening, but soon saw correction back to initial trading levels with some buying power until 9h30am, when daily high was reached at 22.38. Market traded sideways at that levels until 11am, when some of the gains were erased and market went down to the 22.20s at 1pm. It was at this time when bigger volumes put some pressure in the market leading to further losses leading market to trade at 22c. Lack of sustain made market go further down with daily low being reached near closing, with market trading at 21.74. Market closed at 21.79. Settlement price was 21.82, 21 points down from previous settlement. Volume traded was 58k lots and HK spread strenghenedto 80 points, up 14 points.
Today, in the Whites market, May’24 saw an increase of $4.4 USD/Mt compared to yesterday’s settlement. Following the opening movement, the market continued to rise in the first hours of trading, returning to prices seen at the beginning of the week, above $630, reaching the day’s high around 10:25 at $633.40. However, it lacked the strength to sustain those levels and began a downward movement for the following hours, reaching the day’s low at $611.60, five hours after reaching the highest price. In the final moments, it stabilized between $612-615. The settlement price was $612.1, down $7.6 from yesterday’s settlement, representing a -1.23% change from the previous session. May’24 recorded a volume of 8K lots, and the K4/Q4 spread closed at +13.1.
