iShipNet Futures Market 25/06/2019

futures market report

MBIOI-62%   113.26          API2: 49.45          Crude: 64.86          Rotterdam 380: 379.00          Singapore 380: 401.50


 

Cape

A jumpy day on Capes; July got sold off to $17,800 and Q3 also to $17,800. However, mid-afternoon with rumours of better fixing in the Atlantic, July traded to $18,350 and Q3 closed at $18,100 value. The market remains very nervous at these numbers and needs to see a follow through in the Atlantic to push higher.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus

C 5TC

 

C7

 

C5

Index

Change

MTD

YTD

 

Index

Change

MTD

YTD

 

Index

Change

MTD

YTD

18,539

252

15,332

9,806

 

10.00

0.15

8.56

7.59

 

7.25

-0.16

7.47

5.95

                           

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

   

Jun 19

15,600

15,800

0

 

Jun 19

8.60

8.75

-0.05

 

Jun 19

7.35

7.65

0.07

   

Jul 19

18,250

18,400

137

 

Jul 19

9.10

9.40

0.05

 

Jul 19

7.55

7.85

0.24

Q3 19

18,050

18,200

59

 

Q3 19

9.15

9.45

-0.15

 

Q3 19

7.65

7.95

0.20

   

Q4 19

18,900

19,100

-58

 

Q4 19

10.50

10.80

-0.01

 

Q4 19

8.15

8.45

0.07

Q1 20

13,100

13,300

133

 

Q1 20

10.45

10.75

0.20

 

Q1 20

7.65

7.95

0.08

   

Cal 20

14,900

15,050

-57

 

Cal 20

11.35

11.60

0.25

 

Cal 20

8.30

8.50

0.20

Cal 21

13,300

13,400

-58

 

Cal 21

10.85

11.15

0.38

 

Cal 21

7.80

8.20

0.00

Cal 22

13,200

13,400

-100

 

Cal 22

10.45

11.15

0.18

 

Cal 22

7.70

8.70

0.00


 

Panamax

Another positive day on Panamax paper as the short squeeze continued against the backdrop of a firming physical market (P4TC up $307). July and Q3 printed up at $10,600 and $10,900 respectively, whilst Q4 found a ceiling at $11,000. Further forward, the Cal20 bounced between $9,250 - $9,350.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus

P 4TC

 

P2A

 

P3A

Index

Change

MTD

YTD

 

Index

Change

MTD

YTD

 

Index

Change

MTD

YTD

9,221

307

9,422

8,202

 

16,658

285

17,019

15,072

 

8984

171

9,594

7,880

   

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

   

Jun 19

9,450

9,550

87

 

Jun 19

17,200

17,600

335

 

Jun 19

9,300

9,750

362

   

Jul 19

10,500

10,600

242

 

Jul 19

18,400

18,700

960

 

Jul 19

9,300

9,750

0

Q3 19

10,650

10,750

46

 

Q3 19

18,500

18,800

822

 

Q3 19

9,500

9,850

0

Q4 19

10,750

10,850

-79

 

Q4 19

18,600

18,900

555

 

Q4 19

10,200

10,500

75

Q1 20

8,850

8,950

-25

 

Q1 20

16,600

17,100

380

 

Q1 20

8,350

8,700

87

Cal 20

9,300

9,400

-26

 

Cal 20

17,100

17,600

280

 

Cal 20

8,800

9,200

125

Cal 21

8,750

8,850

-8

 

Cal 21

16,600

17,100

240

 

Cal 21

8,400

8,800

137

Cal 22

8,250

8,400

-38

 

Cal 22

16,250

16,750

260

 

Cal 22

8,000

8,500

112


 

Supramax/ Handy

A similar day to the previous one on Supramax FFAs with July printing between $9,650 and $9,750 (+$96), Q3 $10,250 (+$96), AugSep $10,500, Q4 $10,400 (-$13), and Cal20 $9,600.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus

S 10TC

 

Pmx/Smx Spread

 

H 6TC

Index

Change

MTD

YTD

           

Index

Change

MTD

YTD

5,086

-257

 

8,131

           

6,550

6

6,282

6,041

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

   

Jun 19

8,350

8,450

-46

 

Jun 19

       

Jun 19

9,000

9,200

2,600

Jul 19

9,450

9,600

-129

 

Jul 19

       

Jul 19

8,700

8,900

1,637

Q3 19

9,750

9,900

-329

 

Q3 19

1,200

1,500

0

 

Q3 19

7,750

8,750

737

   

Q4 19

9,850

10,000

-488

 

Q4 19

250

550

-50

 

Q4 19

8,600

9,600

787

   

Q1 20

8,350

8,500

-263

 

Q1 20

       

Q1 20

7,500

8,500

600

         

Cal 20

9,100

9,200

-483

 

Cal 20

250

550

-100

 

Cal 20

8,000

9,000

381

Cal 21

8,750

8,900

-346

 

Cal 21

-100

300

-50

 

Cal 21

7,850

8,850

394

Cal 22

8,300

8,400

-288

 

Cal 22

-650

-300

-25

 

Cal 22

7,850

8,850

425

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