futures market report

 

MBIOI-62%       88.20    API2: 48.50         Crude: 51.13             Rotterdam 380:    271.00       Singapore 380:   278.75


In short...

Cape

A bullish day on Cape futures. With physical not moving the paper however rallied early on the expectation that physical could be bottoming out. Q2 rose to 10500, but as fast as it went up we came back off at the same speed with q2 trading 10000 on close and the curve closing similar levels to the previous trading day.

Atlantic futures plus                  Front Haul futures minus                     Pacific futures minus


Panamax

A strong start to the day with March trading to $9,100; April to $10,400; Q2 to $10,600 and Q34 to $10,950. A very positive index (+580) struggled to keep the market at its highs with selling interest moving the curve $200 off the peaks of the day. The Cal 20 Panamax is now well supported just below the $10,000 level trading $9,900 in volume.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Supramax/ Handy

Smx FFAs gained today with the physical continuing to see all routes in the green. The nearby contracts traded up to $8600 (+$414) on March and $9600 (+$236) on April. Q2 traded $9750 and $9800, and Q234 $10200 (+$35). Furthermore, the Q34 traded 10450.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


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