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QSL Market Update

Wednesday, 06 October 2021

As expected, it was a volatile expiry week for the October 2021 ICE 11 contract, which printed a final settlement price of 19.83 USc/lb.

The March 2021 contract chopped around in the range between its low of 19.45 USc/lb last Tuesday and its high of 20.38 USc/lb on the Thursday before closing last week at 20.06 USc/lb. 

The Aussie Dollar came under heavy pressure as a bearish macro theme dominated financial markets, closing the week at 72.81 US cents.

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