Following Circular 29/15 and previous announcements, the following differentials will now be applied to generate the published value for the 172,000 4TC average.
From 3 August 2015 the differential to the 180,000 4TC average will be -$1,120
From 2 January 2017 the differential to the 180,000 5TC average will be -$1,064
These have been established basis the data from 1 August 2014 until 31 July 2015, both dates included (250 reporting days).
The average rate for the 180,000 5TC was $10,230
The average rate for the 180,000 4TC was $10,286
The average rate for the 172,000 4TC was $9,166
All relevant data is available from the Baltic Exchange website.
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