STC Market Update 29th July 2019

STC Market Update 29th July 2019

Last week saw the end of the surrender period for quarter two 2019. There was some modest buying throughout the week as the liable entities looked to fulfill there requirements. The market was stable and traded around $37.00 for most of the week before closing at this level after a quiet end to the week. Only one trade was reported Friday for 10k. STC submissions to the REC Registry was just over 650,00 last week which continued the consistent level of creations over recent months.

Forward trading dominated most of the week as some large volumes were agreed upon for late 2019 and early 2020. These ranged anywhere from $37.00 to $37.25 with the higher trades reported for the start of next year. Now that the second quarter compliance period has ended the spot price may drift lower but the interest in short term forwards at a higher price suggests the market will remain relatively stable and even push higher over the coming months. The number of STC’s listed on the clearing house decreased last week and at the time of writing sits at 461,457. 

Our latest pricing for both registered and non-registered STC’s can be found via the following link: http://www.habitatenergysystems.com.au/stc-trading/

The link to the STC clearing house can be found here: https://www.rec-registry.gov.au/rec-registry/app/public/stcs-clearing-house-transfer-list