futures market report

 

MBIOI-62%       87.96     API2: 47.00         Crude: 56.30            Rotterdam 380:    281.50       Singapore 380:   291.00


In short...

Cape

Another weaker day on capes where the premiums across the curve started to break, Q3 traded to $15,600 Q4 to $16,750. After more negative index the market went quiet and the afternoon saw some buying interest return. But the question marks remain for tomorrow morning when we will surely see the sellers return to the market.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Panamax

The Panamax paper market slid lower in the morning with March trading to $7,500; April to $9,250; Q2 to $9,650; Q3 to $10.400 and Q234 down to $10,200. The afternoon remained subdued before finding buying interest towards the close. The March traded back to $7,700 and The Q2 to $9,750. We close supported.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Supramax/ Handy

Smx traded down significantly lower today with Q2 opening at $9700, but, trading down to $9,250. Q34 traded $10k and $9,950 , while there was heavy volume on the Q234 and Q2341 strips with multiple full contracts going through. Further more, March traded $7,500 (-$221), Apr down to $9,000 (-$568).

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


The content of this document is for information purposes only and should not be viewed as trade recommendation, nor solicitation to trade