futures market report

 

MBIOI-62%       84.78     API2: 54.45          Crude: 27.39            Rotterdam 380:    143.75        Singapore 380:   196.25



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Cape

Another negative day on capes, however at these lower numbers we traded in a tight range all days, April 4200 / 4400, Q3 10000 / 10250 and Q4 12000 / 12250. Overall physical sentiments haven't changed so unlikely to be much change from the market moving forward in the near future.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Panamax

The Panamax paper market reacted strongly up today as the index brought buyers back at the back end of a heavy week of selling. After a softer start, the market railed hard: April traded to $5,650; Q2 traded to $6,950; Q3 to $8,650 and Q4 to $8,8850. The Cal 21 Panamax traded to $8,800.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Supramax/ Handy

Smx FFAs ranged $6100 - $6300 on April, MayJun traded $6300 - $6350, and Q3 ranged $7850 (-$36) - $8000.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


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