futures market report


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

In short...


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


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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