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Weekly Commentary: CCA prices close lower with selling pressures on Auction day

February 22, 2021 by Anant Jain

Summary: Weekly Volume dropped to 11.7M tons: four week moving average at 13.4M tonsTotal WoW OI creation of 8.2M tons; OI creation of 4.5M tons on auction dayCCA front closes lower by $0.06; closes on Friday at $17.86 The secondary market saw a surge in positions opening on the post-auction…

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