futures market report
 

MBIOI-62%       89.15     API2: 47.85         Crude: 59.31             Rotterdam 380:    306.75       Singapore 380:   319.50


In short...

Cape

Cracks started to appear across the capes, with the back end starting to come under pressure, q3 traded down at 16,500 and q3q4 traded at 17,000. With physical still remaining quiet its seems the market is again looking at the premiums of q3q4 and whether it can hold up its value.

 

Atlantic futures minus          Front Haul futures minus          Pacific futures minus


Panamax

Pmax paper saw a little profit taking after an upward moving week. Mar and Q2 were sold to $7,500 and $10,200, whilst Q3 and Q4 printed $10,900 and $10,700 respectively - the spread widening momentarily to $200 between the two. Post index (+ $291), a few nearby buyers re-emerged to hold the curve going into the weekend. Further forward, Cal21 traded volume between $9,800 - $9,850.

 

Atlantic futures minus          Front Haul futures minus          Pacific futures minus


Supramax / Handy

Smx FFAs pushed today after a solid index of +$211, and March pushed up to day's highs of $7900, Q2 $10400 (+$704), Q34 $10650 (+$132). With period demand interest strong for ultramaxes, this is no surprise, as perhaps Smx paper still looks cheap.

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.