iShipNet Futures Market 09/07/2019

futures market report

MBIOI-62%       121.49    API2: 57.90         Crude: 64.11             Rotterdam 380:    387.00       Singapore 380:   450.50


 

Cape

Paper continued its trajectory over the course of the day. Aided by a firmer C5 market and a continuing tight C3 and North Atlantic market, July pushed to $26,000, while the Q3 pushed to $23,100-$23,200 level. Cal20 worked its way up to a high of $16,250 while the Cal21 pushed to $15,900.

Despite both basins looking relatively tight, paper felt very flat at close. We will certainly need to see further physical gains in order to maintain these levels on paper.

If the index looks to even slightly flatten tomorrow you may well see levels retrace from today's close.

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

26,367

545

24,119

10,787

 

11.94

0.13

11.39

7.85

 

9.16

0.43

8.55

6.12

                           

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

   

Jul 19

25,400

25,800

1,312

 

Jul 19

11.45

11.75

0.58

 

Jul 19

8.60

8.85

0.21

   

Aug 19

22,500

22,900

1,496

 

Aug 19

11.05

11.40

0.30

 

Aug 19

8.25

8.50

0.14

Q3 19

23,000

23,400

1,165

 

Q3 19

11.30

11.60

0.46

 

Q3 19

8.35

8.65

0.17

   

Q4 19

21,150

21,450

687

 

Q4 19

11.30

11.65

0.37

 

Q4 19

8.55

8.80

0.18

Q1 20

14,050

14,250

196

 

Q1 20

10.70

11.00

0.20

 

Q1 20

8.00

8.25

0.03

   

Cal 20

16,150

16,250

352

 

Cal 20

11.50

11.80

0.30

 

Cal 20

8.50

8.75

0.27

Cal 21

13,850

13,950

275

 

Cal 21

11.00

11.25

0.46

 

Cal 21

8.00

8.20

0.00

Cal 22

13,450

13,750

25

 

Cal 22

10.55

11.25

0.25

 

Cal 22

7.70

8.70

0.00


 

Panamax

Considerable gains made across the curve today on Panamax paper in conjunction with a firm physical market (P4TC +$352). Q3 reached $13,200, with the July and August contracts pushing over $850 on the day. Q4 touched $12,000 once again, whilst the Cal20 traded between $9,750 - $9,900.

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

13,886

352

12,320

8,462

 

23,297

447

21,172

15,456

 

11423

222

10,683

8,066

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

Jul 19

13,800

13,900

746

 

Jul 19

23,250

24,000

600

 

Jul 19

11,000

11,500

225

Aug 19

13,050

13,150

921

 

Aug 19

21,750

22,500

490

 

Aug 19

10,750

11,150

187

Q3 19

13,050

13,150

718

 

Q3 19

22,100

22,700

455

 

Q3 19

10,800

11,200

212

Q4 19

11,875

11,950

280

 

Q4 19

20,750

21,350

390

 

Q4 19

10,500

10,800

271

Q1 20

9,450

9,600

175

 

Q1 20

17,250

18,000

-5

 

Q1 20

8,500

8,900

150

Cal 20

9,850

9,950

221

 

Cal 20

17,800

18,300

20

 

Cal 20

9,000

9,400

187

Cal 21

8,950

9,100

162

 

Cal 21

17,000

17,500

130

 

Cal 21

8,450

8,850

125

Cal 22

8,550

8,700

96

 

Cal 22

16,600

17,000

200

 

Cal 22

8,000

8,500

112


 

Supramax/ Handy

Supramax continues to tick up as it mimics the bigger sector's sentiment. July opened at $9,900 (+$56) but closed closer to $10,000 value. Q3 traded $10,800, while the Q34 package opened at $10,600 and traded $10,750 by EOD. $9,950 (+$104) printed on the Cal20 via Panamax spread at -100 P/S Cal20.

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

           

6,722

49

6,574

6,081

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

   

Jul 19

9,850

10,000

83

 

Jul 19

       

Jul 19

7,000

7,200

50

Aug 19

10,700

10,850

79

 

Aug 19

       

Aug 19

7,400

7,600

-163

Q3 19

10,450

10,600

78

 

Q3 19

3,600

3,900

663

 

Q3 19

7,450

7,650

14

   

Q4 19

10,650

10,800

133

 

Q4 19

1,375

1,650

263

 

Q4 19

8,300

8,500

219

   

Q1 20

8,900

9,000

29

 

Q1 20

       

Q1 20

7,400

7,600

200

         

Cal 20

9,800

9,950

29

 

Cal 20

800

1,100

200

 

Cal 20

7,750

8,750

194

Cal 21

9,300

9,400

0

 

Cal 21

100

550

175

 

Cal 21

7,550

8,550

169

Cal 22

8,700

8,800

-50

 

Cal 22

-350

0

100

 

Cal 22

7,450

8,450

137

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