futures market report
 

MBIOI-62% 89.90     API2: 47.20      Crude: 58.50      Rotterdam 380: 295.00      Singapore 380: 308.0


In short...

Cape

A negative day on capes, with the negative news across the markets from the coronavirus, cape Q2 traded down to $10,200, Q3 to 16000 and the Q4 to $17,100. Overall all markets have a big negative sentiment and looks like it could continue lower tomorrow.

 

Atlantic futures minus          Front Haul futures minus          Pacific futures minus


Panamax

The Panamax paper started the week somewhat dented with premiums further down the curve being eroded quickly: Q2 traded to $10,000; Q3 to $10,700; Q4 to $10,650 and Cal 21 to $9,750. The Front of the curve traded in volume with March trading to a high of $7,900 and April to $9,900 – both contracts shed $200 of value by the close.

 

Atlantic futures minus          Front Haul futures minus          Pacific futures minus


Supramax / Handy

Smx ticked up initially as there were big expectations of the physical continuing its uptrend. March traded $7800 and up to $7900 while the Cal 21 impressed with its $9800 print against Pmx. Thereafter, some strip selling interest saw the Q34 trade down to $10450 (-$204), and Q234 $10300 (-$93). The day ended with Smx c21 9700 last done.

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.