STC Market Update 1st July 2019

The STC market was very active last week with a high volume of trades executed. This is probably due to the end of the financial year and we are also creeping closer to the end of the next surrender period. Once again the STC price traded in a relatively small trading range last week around and just below the $37.00 level. Ultimately the spot price ended the week at $36.90 to close 10 cents lower than where it started at $37.00. The last few weeks have seen the spot market remain fairly stable and forward contracts have also been all around the same level. STC creations for last week were strong again climbing to around 690,000.

Our latest STC pricing can be found via the following link:

The link to the STC clearing house can be found here: