futures market report

 

MBIOI-62%       85.92     API2: 47.85         Crude: 51.86            Rotterdam 380:    275.00       Singapore 380:   283.00


In short...

Cape

Another day where physical has given no indication of any life, and the futures is trading up on increased optimism. After the index, we jumped and traded Q2 up to $10,100 and Q3 up to $16,200, but before close, we drifted back with Q2 $9,950 and Q3 back at $16,000. Overall unless something happens physically we expect paper with huge premiums to drift off.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Panamax

A day of gains for the paper with March trading to $8,400; April trading to $10,100; Q2 to $10.250; Q3 to $10,850 and Q4 to $10,750. The Cal 21 traded at $9,700. We end the day generally supported but with offers close to last done levels.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Supramax/ Handy

Smx FFAs ticked up today with the main excitement being April $9,250 (+$43) and Q2 up to $9,500 (+$131). The Q34 traded between $10,300 and $10,400 and the Q234 strip printed $10,100 (+$135).

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


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