futures market report

 

MBIOI-62%       88.79     API2: 47.85         Crude: 36.08            Rotterdam 380:    208.75       Singapore 380:   233.00



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Cape

Another uneventful day on capes, with physical unchanged and the market generally pausing for breath we drift down with Q2 at $8,750 before closing at $8,950 and Q3 at $14,650. The market is desperate for some inspiration from somewhere, but at the moment we are unsure where it will come from.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Panamax

Panamax paper traded down today with March hitting $8,000; April $9,000; Q2 $9,250; Q3 $10,300; Q4 $10,150 and C21 at $9,000. We end the day supported at the bottom of the range with offer shaving backed off.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures plus


Supramax/ Handy

Smx FFAs opened trading $9,250 on Q2 and $9k on April, but, as the day progressed and despite an index gain of +$150, the market closed softer. Q2 traded down to $8,900 and April $8,700 (-$404), while the Q234 inched down to close 9,650 (-$193) offered.

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