Hardening

Hardening

1. A term used to describe a price of commodity or futures contracts that is gradually stabilizing.

2. A futures market that is slowly advancing in prices.

Notes:

1. After a rise or fall in prices, a slow return to historically accepted levels is considered a hardening.

2. The prices of future contracts are considered to be hardening if they are increasing slowly, unlike a bulge market, in which the prices rise sharply.

See also: Break, Bulge, Buoyant, Buyer's Market, Commodity, Futures Contract