Daily Market Price Updates and Commentary 27th August 2026

The No.11 opened at 17.62 c/lb and briefly slipped to an intraday low of approximately 17.55 c/lb as early selling weighed on the market. However, downside momentum proved limited, with buyers stepping in quickly to defend the lower levels and establish a solid base for the session. Through the early afternoon, prices traded steadily higher, with the market building momentum as buying interest strengthened. The rally accelerated later in the session, with No.11 breaking above 18.00 c/lb and extending gains into the close. The strongest move came during the final hours of trade, when sustained buying pushed prices to an intraday high of around 18.22 c/lb. No.11 is currently trading near 18.22 c/lb, marking a gain of approximately 60 points from the open and 67 points from the session low. The close near the day’s highs suggests bullish sentiment remained firmly in place throughout the session, with buyers maintaining control into the end of trading. Overall, today’s price action was characterized by an early dip followed by a strong and sustained rally, with No.11 steadily making higher highs and higher lows throughout the afternoon. Immediate resistance is now seen around 18.25 c/lb, while initial support has moved higher toward the 18.00-18.05 c/lb area, followed by stronger support near 17.80 c/lb. Settlement price was 18.19, 60 points above last settlement.

The No.5 opened at 517.3 $/mt and traded in a relatively narrow range through much of the morning, with prices briefly easing to an intraday low of around 513.0 $/mt as early selling pressure emerged. However, downside momentum remained limited, with buyers consistently supporting the market and preventing a deeper correction. Throughout the afternoon, No.5 gradually recovered, oscillating within the 515-518 $/mt range before momentum strengthened significantly later in the session. Buying accelerated after 17:00 London time, with prices breaking decisively above 520 $/mt and triggering a sharp upward move that carried the market to fresh session highs. The strongest rally came in the final hour of trading, with No.5 reaching an intraday high of approximately 525.0 $/mt. Prices are currently trading around 524.7 $/mt, leaving the market more than 11 $/mt above the session low and close to 7.5 $/mt above the open. White Premium V6Z6 recovered some of the losses settling at 127.62.