Today, Mar’24 opened at 23.10, 7 points above yesterday’s settlement. Positive sentiment prevailed after the opening, with the market quickly reaching 23.30 in the first 15 minutes. The market was able to maintain the price above 23.30, but only for the first 30 minutes. Right after, the market returned to the opening levels and stayed between 23.10 and 23.30 for the next few hours. Around 13:15, the market showed a recovery with an upward movement that changed the prices to another level between 23.20 and 23.40, Reaching its peak around 15:15 when the market reached the high of the day, with Mar ’24 priced at 26.60. However, it stayed within the previous range until the end of the day, where some volume was seen near the settlement. Mar ’24 closed at 23.36, reflecting an increase of 0.33 cUSD/lb (+1.43%) against the last day’s close, with the White premium at 139.4, and the H4/K4 spread at 0.9.
Today, Mar’24 opened at $653.9, experiencing a significant increase of $7.8 USD/Mt compared to yesterday’s settlement. After a week marked by downward movements in both the sugar market, the LDN#5 opened in a downward movement reaching a low of $648.20 around 09:30. For the next few hours, the market remained stable, with a slight upward movement around 13:30 when it resumed its rise above $652. Another peak occurred around 15:15, reaching the high of the day at $659.60 but dropping right after, settling between the $653 and $656 range until the end of the day. The settlement price was 654.4, +8.3 from yesterday’s settlement and a +1.28% change from the previous session. Mar’24 registered 6K lots of volume, and the H4/K4 spread closed at +17.3.
