The North Europe SCFIS published after market close on 9 June rose by 29.5% to 1,623 points but remains 20% below the last EC2506 closing price which had risen by 6% over the past week in anticipation of the gains with carriers still eyeing another attempt to raise rates in mid-July. Open interest remains elevated at 7,803 contracts with just three weeks to expiry and could face selling pressure if the mid-July rate hike flops.
Futures contracts for August-December traded sideways with no new c