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New UserMarex Spectron offers SA cargo at discount to API4 for 2014
17 Sep 2013
September 17: Leading brokerage firm Marex Spectron, on September 17, offered to sell 50,000 tons per month of South African cargo in the entire year of 2014 at a discount of $1.00 to API4.
The firm also offered one cargo of 50,000 tons for loading between October 1 and 15 at a discount of $2.00 to API4. Its bids for the same material were at a discount of $2.25 to API4.
Its bid for one cargo of 100,000 tons for loading in the first quarter of 2014 was at a discount of $1.80 to API4.
On September 12, the firm had offered 50,000 tons of cargo for loading in October at a discount of $2.50 to API4.
Following are the bids and offers from Marex Spectron for loading in various periods and various quantities as on September 17 versus September 12:
|
Period of Loading |
Quality |
Quantity |
As on September 17 |
As on September 12 |
|||
|
Basis |
Bids |
Offers |
Bids |
Offers |
|||
|
October 1-15 |
RB1 |
50000 |
API4 |
-2.25 |
-2 |
-2.5 |
-2 |
|
Q1 2014 |
RB1 |
100000 |
API4 |
-1.8 |
NA |
||
|
Entire 2014 |
RB1 |
50000/month |
API4 |
NA |
-1 |
||
|
October |
RB1 |
150000 non-split |
API4 |
NA |
NA |
-3.25 |
-2 |
|
Q4 of 2013 |
RBI |
100000/50000 |
API4 |
NA |
NA |
-1.8 |
-1.3 |