futures market report

 

MBIOI-62%       86.57     API2: 48.50         Crude: 30.05            Rotterdam 380:    151.25        Singapore 380:   200.50



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Cape

A day where the market seemed to follow the equities market, surprisingly moved up early and came off in the afternoon. Range wise April $4,200 to $4,800 and Q3 $11,650 / $12,100. Physical hasn't changed and the problems economically haven't either, so expect more of the same tomorrow with a market which doesn't know what to do and which way to go!

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Panamax

The Panamax curve drifted further today as further selling pressure was released down the curve: April trades to $6,750; Q2 to $7,350; Q3 to $8,900 and Q4 to $,9000. The Cal 21 Panamax traded at $9,000 and continues to hold its ground.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Supramax/ Handy

Smx FFAs traded in a range but ended the day net down. Mar traded $7,450 (-$111), April $7,050 (-$121), Q2 down to $7,300 (-$86), and Q3 ranged $8,650 (-$264) - $8,800. Cal 21 traded $8950 which was flat to the Pmx C21 leg.

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