futures market report

MBIOI-62%       83.79     API2: 49.25          Crude: 54.01            Rotterdam 380:    297.00       Singapore 380:   320.00

In short...


The cape market had a positive start to the day, Mar trading $6,500 and Q2 at $11,700 and Q3 $16,700. Momentum stalled as the physical index once again proved to be doing very little. The curve remains supported but physical really needs to move to justify the gains on paper.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Another strong day for the Panamax paper with March trading to $7,600; Q2 to $10,100; Q3 to $11,250 and Q234 to $10,800. The Cal 21 Panamax traded $9,850. The index continues to creep higher (+224) with values holding throughout the afternoon.


Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus

Supramax / Handy

Smx FFAs continued their gains March onwards, while, Feb traded $5,700 (+$11) as the index was down yet again (-$59). March traded $7,300 (+$175), Q2 printed $9,300 (+$161), Q34 traded $10,550 (+$203).

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus

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