futures market report

MBIOI-62%       86.09     API2: 50.80         Crude: 55.79            Rotterdam 380:    297.50       Singapore 380:   321.25     13th February 2020

In short...


Cape FFAs opened stronger momentarily before losing value throughout the day, the front months in particular saw some lows of the week. Cape Feb traded from $3,650 to $3,500; March printed $6,200 to a low of $5,550; April $9,000 to $8,750. Further down the curve, Q2 depreciated at a faster pace than Q3 and Q4 which traded between the ranges of $16,700-$16,800 and $17,700-$17,800, respectively. The Cal21 was relatively flat trading around $13,700 value. With physical still looking vulnerable, expect paper to continue selling.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


The recent upward momentum came out of the curve today with March trading down to $7,350; Q2 to $9,900; Q3 to $10,900 and Cal 21 to $9,750. Bids built again after the index but with limited aggression. We end the day $150 off the lows.


Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus

Supramax / Handy

Smx FFAs ticked down today as the market is undecisive of the paper trend especially after a backdrop of continued negative Smx index outcomes. Feb traded several times at $5500 (-$146), Mar ranged $7000 (-$204) - $7300, April printed $8650. Q2 traded $9100 (-$105) and Q34 $10200 (-$256).

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus

The content of this document is for information purposes only and should not be viewed as trade recommendation, nor solicitation to trade.