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Outcomes
Market
Price
AI Fair
Value
Value
Edge
14°C
YesNo
17°C
YesNo
16°C
YesNo
13°C
YesNo
18°C
YesNo
15°C
YesNo
20°C or higher
YesNo
11°C
YesNo
10°C or below
YesNo
19°C
YesNo
12°C
YesNo
AI Insights:
4 hours ago UpdatedFair Value Reasoning:
Synthesizing the latest forecasts from AccuWeather, Google Weather, and Wunderground, the projected high temperature for Shanghai Pudong Airport (ZSPD) on March 21 concentrates heavily between 14°C (57°F) and 15°C (59°F). Being coastal, ZSPD is subject to maritime cooling and NNE winds, typically resulting in temperatures slightly lower than the city center (Xujiahui). AccuWeather's ZSPD-specific forecast points to 14°C, while Google/Weather.com ranges between 13°C-15°C. The market has largely abandoned previous hedges on lower temps (11-12°C), consolidating liquidity into the 14-15°C band. Given the cooling effect of the sea breeze, 14°C holds a slight edge over 15°C, while the probability of 16°C+ diminishes due to expected cloud cover and wind direction.
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Movers
From March 17 to March 18, 2026, prices for 11°C and 12°C crashed from ~21c and ~17c respectively to ~1-2c, while 14°C and 15°C surged (14°C jumped from 21c to 33c before settling at 30.5c). The reason is that as the target date approached, weather models ruled out a strong cold front scenario, causing the 'cold script' bets to collapse and liquidity to shift massively to the forecast-aligned 14-15°C range.
On the afternoon of March 17, 2026, the price of 16°C briefly spiked to 29c before falling back to 21.5c. This was due to a short-lived market speculation on a sunny/warmer scenario, which was subsequently dampened by more conservative coastal temperature forecasts.