futures market report


MBIOI-62%       78.07     API2: 50.25         Crude: 27.03            Rotterdam 380:    153.50        Singapore 380:   195.25

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A negative day on capes, Physical now looks to be turning south again and global news is certainly worrying so hence cape followed, Q3 dropped a 1,000 dollars to a low of $10,850 on close and Q2 at $6,700 value, even the deferred looks weaker with 21 losing hope and trading $11,250. Overall it's hard to see a positive substantial bounce in the nearby under the current climate.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Despite another downturn on the index today (-$254) and generally poorer news in the physical markets the Panamax paper held its ground with volume trading down the curve. Q2 traded to $6,650; Q34 traded to $8,525 and Cal 21 to $8,800. The afternoon saw the market trade down $150 off the highs but with buyers still there to take it on.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus

Supramax/ Handy

Smx FFAs traded sideways with Q4 printing up to $8600 as the current short term pessimism translates into the expectation of deferred freight spikes. Q3 comparatively traded $8050 (-$188), while the Q2 ranged $6650 (-$170) - $6750.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus

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