futures market report


MBIOI-62%       86.80    API2: 47.60         Crude: 33.59            Rotterdam 380:    215.00       Singapore 380:   189.50        12th March 2020

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The chaotic current affair environment continued to shake up the Capes today, as Trump's US-Euro travel ban saw sellers slap the curve; Apr was sold to $5,200 (-700), Q2 printed at $8,100 (-800), Q3 bore some serious losses bottoming at $13,300 (-1400), and Q4 touched $15,500 (-900). It seems difficult to see an end to the negativity at the moment, other than perhaps some end of week profit taking to ensue tomorrow.

Atlantic futures plus                  Front Haul futures minus                     Pacific futures minus


Panamax paper folded under intense selling pressure today with April trading to $8,100; Q2 to $8,500 and Q34 to $9,850. The Cal 21 traded to $9,400. A high-volume day saw selling interest subside towards the close but it remains to be seen whether we can close the week with an uptick in values.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus

Supramax/ Handy

Smx FFA traded down significantly lower day on day with Q3 trading down to $9700 (-$379), and Q4 $9800 (-$200), while, the Cal 21 printed $9200 (-$254)..

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