futures market report

 

MBIOI-62%       90.13     API2: 46.60         Crude: 33.85            Rotterdam 380:    153.25        Singapore 380:   205.50



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Cape

Another down trend day on Capes all on the back of turmoil in the financial markets all due to the coronavirus. Physical itself is doing very little, but in all honesty, this has been the case for months, but belief going forward has certainly slowed. Q3 traded down to $11,600, Q4 $14,000 and Cal21 down to $11,350. With no positive news on the horizon expect more of the same tomorrow

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Panamax

A negative start to the week: April traded to $7,000; Q2 to $7,500; Q34 to $9,200 and Cal 21 to $8,950. We end the day with bids at or close to last done levels.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Supramax/ Handy

A significant day of losses for Smx FFA to start the week, despite a positive Smx index +$38. April traded down to $7,100 (-$1064), Q2 traded down to $7,400 (-$983), while Q34 opened at $9,500 and traded down to $9,150 (-$465). The Q234 at $8,500 is $1,500 down week on week..

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


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