futures market report

MBIOI-62%       85.66     API2: 51.90          Crude: 56.34            Rotterdam 380:    302.25       Singapore 380:   324.25

In short...


A dull end to the week for the cape market. The index continues to drift and with realistically very little happening on the spot physical market the curve remained flat throughout the day. The q2 was traded between 11300 and 11400 and the cal 21 remains between 13750 and 13850. We now look to next week to see if this physical market can actually rumble off the bottom, the FFA curve would suggest it will do soon.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


A softer end to the week with the front of the curve trading lower: March traded back to $7,400; April to $9,400; Q2 to $10,000 and Q3 to $10,900. The Cal 21 remains supported in the $9,700 - $9,850 range.


Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus

Supramax / Handy

Smx FFAs ticked up today with a positive index finally arriving +$19. Mar traded $7200 (+$104), April at $9000 (+$243), and M+J $9500 (+$128). Q2 ranged from $9200 and $9350 (+$183), and Q34 ranged $10200 and $10250. Remains to be seen if its the beginning of a positive trend or a short term correction.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus

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