futures market report
 

MBIOI-62%       86.08    API2: 51.70          Crude: 57.32            Rotterdam 380:    301.00       Singapore 380:   323.25


In short...

Cape

A day to forget on cape, volumes remain thin as the market clearly lacks any direction, the cal remained in the tight range of $13,950 to $13,800, Q2 pushed to $11,500 but soon found resistance and the same as Q3 at $17,000. What can change the fortunes of the cape market and can this happen in the not so distant future.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Panamax

A softer start to the week: March trades to $7000. April to $9,250; Q2 to $9.850; Q3 to $10,900 and Cal 21 to $9,750. Volumes were thin and trading sporadic. We end the day with the nearby market supported at last-done levels.

 

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Supramax / Handy

Smx FFAs opened the weak on a positive note aided by initial support on the bigger sectors. March gained up to $7,600 (+$311), Q2 printed $9,400 (+$84), Q234 traded $10,150 (+$120) and the Cal 21 $9,600 (+$86).

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.