futures market report

 

MBIO-62% : 112             API2 : 55                    Brent : 43                   SPORE 3.5 : 267.0            SPORE 0.5 : 330.0                    SPORE 0.1 : 340.0



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Cape

A rare appearance of a negative day on Capes, as profit-takers swept across the curve looking to take some money off the table from this week's positive move. The C5TC rose another $_ _ _ taking it to above the $_ _ _ mark, and thus the modest premium on Oct was reduced trading down to $_ _ _, whilst the Nov hit $_ _ _ and the Q4 was sold to $_ _ _. However, dip buyers re- entered pushing the Oct back to $_ _ _ before finding resistance, whilst the deferred stayed firm at $_ _ _ on the Cal21. The next move on physical come Monday will be crucial to which way we go from here, but in spite of the respite today, it feels like another move north could well be on the cards going into next week.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus

C5TC

 

C7

 

C5

 

Cape 180

Index

Change

MTD

YTD

 

Index

Change

MTD

YTD

 

Index

Change

MTD

YTD

 

Period

Atlantic

24178

1337

17073

11625

 

9.90

0.28

8.44

7.71

 

8.71

-0.10

7.47

6.33

 

4/6 months

_ _ _

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

 

12 months

_ _ _

Full data are available to subscribed members...


Panamax

The curve remains largely unchanged from last night’s close with the market remaining rangebound and supported: Oct $_ _ _ - $_ _ _; Nov $_ _ _-$_ _ _; Q4 $_ _ _ - $_ _ _. The Cal 21 Panamax remains supported at $_ _ _ and the Cal 22 trades $_ _ _. Clearer physical direction is required for any kind of breakout as the carry weighs heavy against the spot market.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus

P4TC

 

P2A

 

P3A

 

Pmx 82

Index

Change

MTD

YTD

 

Index

Change

MTD

YTD

 

Index

Change

MTD

YTD

 

Period

Atlantic

11087

176

11116

7854

 

19720

218

19342

15631

 

10889

49

11030

6952

 

4/6 months

_ _ _

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

 

12 months

_ _ _

Full data are available to subscribed members...


Supramax / Handy

Smx FFAs remained attuned to the range observed this week of Oct between $_ _ _ -$_ _ _, with in fact the Oct trading at the lower end of that range today. It appears Q4 is converging with the spot ($_ _ _) while the curve is shaping premium for Oct and the Dec remains the weakest link. Q1 traded $_ _ _ and the Cal 21 at $_ _ _, while, the Q4 once again ranged $_ _ _ - $_ _ _.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus

S10TC

 

Pmx/Smx Spread

 

H6TC

 

Supra 58

Index

Change

MTD

YTD

 

 

 

 

 

 

Index

Change

MTD

YTD

 

Period

Atlantic

10910

101

10399

7309

 

 

 

 

 

 

8562

98

8214

4971

 

4/6 months

_ _ _

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

 

12 months

_ _ _

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