futures market report

 

MBIOI-62%       87.40     API2: 49.55          Crude: 28.47            Rotterdam 380:    152.00       Singapore 380:   195.25



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Cape

A bullish day on Cape on back of 3 rising index on capes physical in 3 days, the nearby moved from $7,000 Q2 up to $8,150, whilst the rest of the curve remained unchanged with Q3 trading range $11,650 / $11,900 and Q4 traded $13,750 and $13,800. The push seems to be on the nearby with the rest of the curve not ready yet to follow suit.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Panamax

Pmx FFAs closed the week with short-covering as Q2 opened at $6500 and traded up to $6850. Q3 traded between $8300 and $8500, which was similar to the Q4 range. The Q234 strip printed between $7900 and $7950 and the Cal 21 traded 8900 (+$206) several times.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Supramax/ Handy

Smx FFAs ticked up today on the back of other global markets and dry bulk sectors. Q2 opened at $6600 and traded up to $6850 (+$190), Q3 ranged $8300-8500, Q4 traded to a high of $8700 (+$104), while, the C21 traded $8700 (+$14). The popular Q234 strip traded $7850 and up to $7900 which was however only marginally up(+$74) from the previous day.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


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