market update - 27 april 2015
A three-week rally looked all but over in two days, as the front month MAY15 drew back all prior gains on Monday and Tuesday last week. Rising from an early low of 12.37c/lb, the prompt contract regained almost 100 points as Friday traded up to a high of 13.30 before settling 7 ticks lower at 13.23c/lb. Despite early weakness, spread activity was relatively subdued across the whole week ahead of Thursday’s May expiry.
MARKET UPDATE - 21 April 2015
For consecutive weeks the prompt position has managed a sustained rally. Finding a fortnight-high of 13.41 c/lb, the MAY15 position traded volatile sessions during a general upward trend in price. The gains were not distributed evenly across all contracts.
Market update - 14 April 2015
The Raw Sugar Market traded a tumultuous week, as the MAY15 contract found lows of 12.29c/lb early in the week, 44 points below the previous week’s close. The prompt position then found a firmer footing, trading up to a 13.03 high and held steady to close the week at 12.83.
MARKET UPDATE - 2 APRIL 2015
The Raw Sugar Market continued its downward slide over the fortnight, with the prompt contract May15 trading to new life-of-contract lows of 11.91 c/lb off its fortnightly high of 12.92. The remainder of the board also lost ground, trading to contract lows, but managed a slight uplift to close out the past two weeks.