Today No.11 Market opened at 19.78, a change of +23 points from yesterday’s settlement. Market drafted it would continue to go up in the first half an hour of trading, but lost its power until 11h30 am, when it touched 19.56 and bounced back in an upward movement, trying to recover reaching the 19.66 zone. Market stayed in that range until 2pm, trading at 19.70. From that point onwards, big selling movements dragged the market to 19.48 at 3pm and losses strengthened until 5pm when prices were trading at 19.36. Near the closing, market went down further again, closing at 19.28. Settlement price was 19.33, a -1.13% change from yesterday settlement (-22 points). H3K3 spread weakened to 0.97. Volume traded was 58k lots.
Today whites market opened at 540.9 and lost its power to trade lower around 10 pm, at 535.5. Not much buying power was seen, and prices kept going down to reach 533.4 at 11h30. Big buying volumes tried to push the market back to the 537 level, but the move did not last long and market went down again to 530. Market traded sideways until 3pm when further losses brought the market to 529.8 at 5pm. Further downward moves brought market to settle at 529.7, a -9.4 USD/mt change from previous session, (-1.74% change). Volume traded was 3815 lots and white premium closed at 103.5 USD/mt.
