futures market report


MBIOI-62%       88.31     API2: 48.10         Crude: 49.99            Rotterdam 380:    262.25        Singapore 380:   266.50

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A very bearish day, the cape market finally fell on the back of the equity markets, bearish news globally, and a cape market at roughly 2k a day. Q2 slid to low of $9,650 and the Q3 down to $15,750 and the Cal21 down to $13,750. The tone going into the weekend remains weak and with no positives news on the horizon, it seems hard to see a bounce any time soon.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


The positive week on Panamax FFA didn't quite reach to Friday. Mar traded to a high of $9,100, Q2 reached $10,250, Q3 $10,950 and the Cal21 trading to a high of $10,100. The tone remains optimistic going into the week ahead.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus

Supramax/ Handy

The Smx FFA market was relatively flat today despite the index gaining +$187. March traded $8500 (+$4) , April traded $9500 (-$21). The Q234 strips were priced between $10200-$10300 all day with no conference rate concluded, while, the Cal 21 traded $9700 (+$4).

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