Today No.11 opened at 27.67, 4 points above yesterday’s settlement. The upward opening was just after reversed and by 9am, when market was trading near 27.55. Prices soon recovered near 10 am, when still little volumes led the market up to the daily high at 27.79. By 11am opening levels were again touched and from that time onwards market only saw weakness, trading near 27.40 by 12pm. During the next hour, bigger volumes brought the market further down and by 3pm a low of 27.12 was reached. Just after, there was a recovery attempt, when prices got back to the 27.40s. The session outlook however stayed the same, and negative sentiment dominated the last trading hours. Daily low was reached near closing at 27.00 and market closed at 27.03. Settlement price was 27.04, a -0.59 move from yesterday’s settlement. Volume traded was 48k lots and H4K4 spread closed valued at 1.30, down 4 points.
Today whites market opened at $745.8, a $0.8 down move from yesterday’s settlement. During the first half trading hour, market kept initial trajectory and reached $742. There was a recovery attempt around 10, when daily high was reached, trading $747.7. From that point onwards market was fed with negative sentiment, that lead it to trade at $737, roughly $10 down. Sideways movement was seen from 12pm to 3pm, when another recovery was tested reaching $741.5, but market soon dropped until closing at $733.7. Settlement price was $734.2, $12.4 down from previous settlement. Volume traded was 4.9k lots and Z3H4 spread closed valued at $5.7.
