iShipNet Futures Market 29/07/2019

futures market report

MBIOI-62%       117.91    API2: 58.00         Crude: 63.49            Rotterdam 380:    370.50       Singapore 380:   452.50            29th July 2019


 

Cape

Cape paper opened the week a touch softer than Friday’s COB before finding some resistance late in the morning aided by the positive index (+72). August opened the foray exchanging at $23,250 and drifted down to $22,750 before bouncing back to a stable level around $23,250. September followed a similar pattern trading down to $21,750 and then back to $22,125. The deferred contracts also saw some action with the Cal20 and Cal21 trading at $15,900 and $13,500, respectively. Cape FFAs seem to be on the fence and needs a push from physical for some direction.

Atlantic futures minus                  Front Haul futures plus                     Pacific futures plus

C 5TC

 

C7

 

C5

Index

Change

MTD

YTD

 

Index

Change

MTD

YTD

 

Index

Change

MTD

YTD

27,217

72

27,562

12,573

 

12.43

-0.04

12.32

8.33

 

9.71

0.03

9.57

6.50

                           

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

   

Jul 19

27,350

27,600

100

 

Jul 19

12.15

12.50

0.09

 

Jul 19

9.65

9.80

0.09

   

Aug 19

23,000

23,350

-429

 

Aug 19

11.20

11.45

-0.03

 

Aug 19

8.95

9.20

-0.16

Q3 19

24,100

24,400

-204

 

Q3 19

11.55

11.75

0.01

 

Q3 19

9.25

9.40

0.03

   

Q4 19

22,000

22,250

50

 

Q4 19

11.35

11.60

0.10

 

Q4 19

8.70

8.90

0.03

Q1 20

14,350

14,550

-104

 

Q1 20

10.85

11.10

0.03

 

Q1 20

8.30

8.45

-0.08

   

Cal 20

15,800

15,900

-202

 

Cal 20

10.85

11.20

-0.29

 

Cal 20

8.40

8.60

-0.05

Cal 21

13,500

13,550

-225

 

Cal 21

10.40

10.70

-0.08

 

Cal 21

8.00

8.20

0.00

Cal 22

13,500

13,700

29

 

Cal 22

10.50

11.00

0.02

 

Cal 22

7.70

8.70

0.00


 

Panamax

Panamax paper traded down this morning with sellers chasing bids on the front: Aug traded to $13,550; Sep traded $13,250 and Q4 traded to $12,300. The deferred contracts stood their ground better with C20 trading between $9,900 - $10,000 and the C21 trading in volume at $9,000. We end the day better supported with Aug trading $250 off the lows.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus

P 4TC

 

P2A

 

P3A

Index

Change

MTD

YTD

 

Index

Change

MTD

YTD

 

Index

Change

MTD

YTD

16,399

-470

15,151

9,244

 

27,477

-543

25,278

16,603

 

13147

-382

12,539

8,588

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

Jul 19

15,200

15,350

29

 

Jul 19

28,250

28,850

-15

 

Jul 19

13,250

13,750

-138

Aug 19

13,750

13,850

-338

 

Aug 19

23,250

23,750

-230

 

Aug 19

12,000

12,750

-25

Q3 19

14,100

14,225

-189

 

Q3 19

24,550

25,050

-115

 

Q3 19

12,350

12,900

-8

Q4 19

12,400

12,500

-67

 

Q4 19

21,000

21,500

-230

 

Q4 19

10,850

11,350

200

Q1 20

9,500

9,650

-54

 

Q1 20

17,250

17,750

-270

 

Q1 20

8,600

9,000

-88

Cal 20

9,900

10,000

-29

 

Cal 20

18,000

18,300

-50

 

Cal 20

9,000

9,400

-38

Cal 21

9,000

9,100

83

 

Cal 21

16,800

17,300

-70

 

Cal 21

8,450

8,850

112

Cal 22

8,400

8,600

-83

           

Cal 22

8,000

8,500

125


 

Supramax/ Handy

The Smx FFAs saw minimal trading to start the week. The index drop of -$108 was in line with expectations and the only trade was Q4 from $10,800 to $10,750 (-$142).

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus

S 10TC

 

Pmx/Smx Spread

 

H 6TC

Index

Change

MTD

YTD

           

Index

Change

MTD

YTD

5,086

-257

 

8,131

           

7,588

13

6,991

6,189

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

 

Period

Bid

Offer

Change

   

Jul 19

10,400

10,650

75

 

Jul 19

4,400

4,750

25

 

Jul 19

7,000

7,200

37

Aug 19

11,250

11,400

-58

 

Aug 19

850

1,100

-275

 

Aug 19

7,400

7,600

-313

Q3 19

10,950

11,150

1

 

Q3 19

2,000

2,325

-125

 

Q3 19

7,450

7,650

-4

   

Q4 19

10,750

10,950

-42

 

Q4 19

1,050

1,350

-225

 

Q4 19

8,300

8,500

700

   

Q1 20

8,900

9,050

4

 

Q1 20

100

450

0

 

Q1 20

7,400

7,600

312

   

Cal 20

9,800

9,900

-25

 

Cal 20

-200

0

0

 

Cal 20

7,750

8,750

362

Cal 21

9,300

9,400

-8

 

Cal 21

-400

-200

100

 

Cal 21

7,550

8,550

325

Cal 22

8,850

9,000

-21

 

Cal 22

-600

-250

0

 

Cal 22

7,450

8,450

262

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