futures market report

 

MBIOI-62%       85.16     API2: 47.10          Crude: 37.32            Rotterdam 380:    234.00       Singapore 380:   220.00



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Cape

The capes edged up but found a level of resistance. Q2 traded to $9,100 and Q3 to $15,000. the deferred also pulled back to $13,200, but the question remains whether this is just a reaction to the big sell-off and possibly a Dead Cat Bounce.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures plus


Panamax

Panamax paper moved up today with March trading to $8,500; April to $9,650; Q2 to $9,850 and Q3 to $10,600. The deferred contracts remained under pressure with C21 Panamax trading within the $9,400 - $9,600 channel despite the nearby gains on the front.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Supramax/ Handy

Smx FFAs traded sideways as the nearby ticked up while Q3 onwards remained capped. March traded $8,300 (+$275) April traded up to $8,900 (+$243), and Q2 between $9,150 - $9,250 range. Q34 however remained capped with limited buyers, while, the Cal 21 traded $9,450 (-$50).

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