Evening Tanker FFA Report 16/11/2021

Trades Recap:

A quiet day for TC2 with just the Dec trading down a point to 155.

TC5 Dec came under pressure with 136 trading early in the day, down to 134 then 132 later. Cal22 came off slightly with 27$/mt then 26.80$/mt trading.

TC6 was busier again, with Dec trading flat at 195, Q1 at 11.10 and the Cal22 trading at 10.30$/mt then down slightly to 10.25$/mt.

TC14 Nov/Dec was trading at -7.5 (118/125.5) and the Dec outright at 125.5.

Nothing trading today on the TC12 & TC17.

TD3C saw much more volume in the market today, with over 200kt of Dec at 47, over 100kt/m of Q1 outright at 8.75$/mt and 100kt/m of Q1/Q2 at -0.25c (8.75/9). Also saw strong size going through further out on the curve, with Cal23, 24, 25 package trading 10.90, 11.90, 12.45$/mt in 100kt/m.
TD20 Dec opened at last seen (yesterday) at 74 then tailed off via 73.5 to 73. Dec/Jan spread traded ws73 v 10.40$/mt and a couple of clips of Cal22 printed at 10.50$/mt.

BLPG1 Q1 traded in a clip of 64.5$/mt initially and then saw a handful of clips a touch lower at 64$/mt.

Contact:

Jack Shilling

JShilling@freightinvestor.com

+44 (0)7702 834733

ICE – jashilling

Alistair Pettey

AlistairP@freightinvestor.com

+44 (0)7808 768318

ICE – apettey

Alex Macarthur

Alexmac@freightinvestor.com

+44 (0)7768 327606

ICE – alemacarthur