futures market report

 

MBIOI-62%       85.68     API2: 47.80         Crude: 51.90            Rotterdam 380:    269.00       Singapore 380:   288.75       03rd March 2020


In short...

Cape

Another day of Cape physical bouncing along the bottom, what will change it? Not a lot at the moment! On the stock markets with bullish news with reduced interest rates stateside, this bought some buyers to the market. April traded to $7,000, Q3 to $15,800, Q4 $17,000 and Cal21 to $13,850. This optimism is likely to be short-lived though unless any improvements occur on physical.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Panamax

Following a positive day in the Panamax market, helped by another healthy index and positive macro news. Paper gains were across the curve, Mar traded to a high of $8,100 (+578), Q2 $9,950 (+454). We await to see if the positivity continues.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Supramax/ Handy

The Smx index slowed down its gains +$134 with a few routes in the red. The paper gains were predominantly prompt curve related with March at $7950 (+$275) , Apr $9050 (+$36), and Q2 trading up to $9400 (+$249). The Q234 strip traded between $9750 and $9800.

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