futures market report

 

MBIOI-62%       85.81     API2: 47.80         Crude: 53.43            Rotterdam 380:    266.75        Singapore 380:   275.75


In short...

Cape

Another day of Coronavirus headlines dominating the market rather than anything actually happening on physical. With the negative sentiment in global markets, the capes again drifted, but volatility was thin and the market remained unchanged from the previous night's levels.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Panamax

A lackluster day on Pmx, Q2 Pmx traded in a range from $9,800 to $10,100 and the Q3Q4 found some support and trading at $10,600. With the cornavirus news dominating the headlines, the outlook does remain nervous and this has certainly put a ceiling on recent moves,

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Supramax/ Handy

A busy day once again on Smx FFAs with the curve ticking up and March traded from $7,750 up to $7,900 (+$175). Q2 traded $9,350 (+$58), Q234 $9,950, and the Mar-Dec strip $9700 several times. The index potentially slowing down its gains and as a result tonnage providers and owners taking some cover through the strips. Operators and speculators cherry-pick good offers on the Smx strips to trade the pieces out or to cover cargo.

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