futures market report

 

MBIOI-62% 83.61     API2: 46.50     Crude: 52.18     Rotterdam 380: 267.75      Singapore 380: 277.00


In short...

Cape

A relatively flat tone to close the week, but physical clearly showing signs it can go lower as c5 was rumoured at $5.20. The curve remained in a tight range as Q2 traded between $9,600 and $9,850, Q34 was flat on the day printing at $16,200 ($15,600 and $16,800) and the Cal21 printed at $13,400 and $13,450. With macro factors also leaning on the negative side after a bearish week, it's hard to see the recent downtrend making a U-turn any time soon.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Panamax

We end the week slightly softer with March sold to $7,800; April to $9,500 and Q2 to $9,775. Most of the volume was centred around the front of the curve, and with the physical still ticking up on Panamax, next week should make for an interesting playing field.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Supramax/ Handy

The Smx FFAs inched down today despite another solid index of +$177. Smx Apr traded $9,200, while the Q2 went from $9,350 early doors to $9,300. The Q234 strip printed at $9,860 (-$58), as freight rates on all three sectors were under pressure on the back of the negative macro trends.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


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