futures market report


MBIOI-62%       86.22     API2: 48.40         Crude: 33.29            Rotterdam 380:    185.75        Singapore 380:   230.00        13th March 2020

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Another bearish morning on capes, with Q234 trading down to low of $11,950, before we found a level and some profit takers returned to the market, Q3 closed at $13,400 and Q4 at $15,500, Cal21 at $12,300. Overall the physical is bumbling along the bottom and the world news remains bleak, so at the moment the curve will be reluctant to have a major bounce any time soon.

Atlantic futures plus                  Front Haul futures minus                     Pacific futures plus


Panamax paper traded at lower levels today but without more limited aggression: March traded to $7,300; April to $7,00; Q2 to $8,500; Q3 to $9,800 and Q4 to $9,800. With a difficult week for markets all over the world the FFAs will also be hoping for better news ahead.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus

Supramax/ Handy

Smx FFAs traded down for the balance of the year contracts with Q2 printing several times at $8,500 (-$183), and Q34 at $9,625 (-$100). The Cal 21 traded $9,250 which was flat spread against Pmx..

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus

The content of this document is for information purposes only and should not be viewed as trade recommendation, nor solicitation to trade