futures market report

 

MBIOI-62%       82.57     API2: 53.00         Crude: 27.15             Rotterdam 380:    146.50        Singapore 380:   196.00



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Cape

Another bearish day on Cape, with the market continuing in the same vein we came off further, April down to $4,350 Q2 at $6,100 and Q3 at $10,150. With the sentiment still looking softer, we don't expect any change in the near future.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Panamax

Paper values slipped lower today with the front of the curve taking most of the hits: April traded to $5,300; May to $6,400 and Q2 to $6,300. The Q4 Panamax traded to $8,575 and the Cal 21 traded to $8,600. The Q3 v Q4 spread has widened out to -$350 as risk appears to be being rolled over with more aggression.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Supramax/ Handy

Smx FFAs traded down today after the index was down -$197 and April traded down to $6250 (-$225). Q2 opened at $6500 and traded down to $6250, and Q3 traded $7900 (-$118) in several full contracts.

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