futures market report

 

MBIOI-62%       81.05     API2: 43.15          Crude: 31.98            Rotterdam 380:    155.75        Singapore 380:   205.25



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Cape

A more positive close to the week on Capes, as some end of week buybacks manifested, presenting marginal gains on the curve; June was paid to $_ _ _k (+_ _ _), Q3 printed at $_ _ _ (+_ _ _) and the Q4 traded $_ _ _ (+_ _ _). However, with some weaker fronthaul being talked at the close ($_ _ _ for a 7islands fronthaul), the 'sell' theme of the week reappeared again as June softened to $_ _ _. The near term looks fragile, and any spark of positivity is more likely to come from a steady easing in the lockdown situation that resides across Europe, rather than from any pickup in the immensely negative spot market.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus

C 5TC

 

C7

 

C5

 

BCI180Dwt

Index

Change

MTD

YTD

 

Index

Change

MTD

YTD

 

Index

Change

MTD

YTD

 

Period

Atlantic

4,858

-443

6,094

5,363

 

4.30

-0.15

4.61

6.86

 

3.94

-0.03

4.11

5.31

 

4/6 Months

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Period

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12 Months

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Full data are available to subscribed members...

Panamax

A stronger day for the paper with the curve trading up from yesterday’s lows: June reached $_ _ _; Q3 $_ _ _; Q4 $_ _ _ and Cal 21 $_ _ _. We end the day with lower buying interest underpinning the curve.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus

P 4TC

 

P2A

 

P3A

 

Kamsarmax

Index

Change

MTD

YTD

 

Index

Change

MTD

YTD

 

Index

Change

MTD

YTD

 

Period

Alantic

4,663

-105

4,861

5,690

 

10,702

-400

11,347

13,169

 

4649

68

4,581

4,385

 

4/6 months

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Period

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Period

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12 months

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Full data are available to subscribed members...

Supramax/ Handy

A positive move on the Smx after the end of week short-covering and book management. May traded up to $_ _ _ (+_ _ _), and, Jun traded up to $_ _ _ (+$_ _ _). Q3 jumped up to a high of $_ _ _ (+$_ _ _), and Q4 ranged $_ _ _ - $_ _ _ (+$_ _ _). Going into next week lets see by how much Smx outperforms Pmx in the spot market and how that affects certain parity plays on P/S.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus

S 10TC

 

Pmx/Smx Spread

 

H 6TC

 

BSI 58

Index

Change

MTD

YTD

 

 

 

 

 

 

Index

Change

MTD

YTD

 

Period

Atlantic

4,657

37

4,596

6,037

 

 

 

 

 

 

2,144

-44

2,229

4,113

 

4/6 months

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12 months

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Full data are available to subscribed members...

The content of this document is for information purposes only and should not be viewed as trade recommendation, nor solicitation to trade