futures market report
 

MBIOI-62%       86.08    API2: 51.75          Crude: 57.67            Rotterdam 380:    296.25        Singapore 380:   317.50


In short...

Cape

Another day of limited volatility, we edged up, but with no real movement on physical, we stalled. The market seems to be priced in with large premiums and we need to see something from the physical market to back it up.

 

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Panamax

A positive day on Pmax paper, in conjunction with a $290 jump on the index. Mar and Q2 printed up at highs of $7,500 and $10,150 respectively, whilst Q34 found a level at $11,000. Further forward, the deferred contracts remain muted, Cal21 $9,750 / $9,850 for the majority of the trading day.

 

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Supramax / Handy

Smx FFAs overall trading at flat levels to previous day with an index gain of +$71 and March ranged $7,350 - $7,500. Q2 printed repeatedly at $9,300 (-$24) in several fulls.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


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