futures market report

 

MBIOI-62%       94.81     API2: 49.20         Crude: 64.85            Rotterdam 380:    298.75       Singapore 380:   364.00


In short...

Cape

A thin day in terms of volume, The market is looking to the Chinese holidays with fear of putting fresh positions on until after the Chinese new year. The market drifted to a low of $11,500 Q2 before closing at $11,700, the rest of the curve remained unchanged from Friday and judging by the current climate its hard to see any major changes in the near future, apart from spot contracts out to the end of Q2.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Panamax

The front of the curve traded down sharply on the open before finding support at the lows: Feb traded to $7,350; March to $9,400 and Q1 to $7,600. The longer-dated contracts remain stable with outright offers seemingly lacking in any serious volume despite pricing almost a $4,000 carry over the current spot market. Cal 21 remains fair value at $9,400.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Supramax/ Handy

Supramax index was unchanged today (index +/- 0) and the FFAs reflected a similar story. Feb opened the trading at $7,250 in small size and just before close traded once more at $7,300. The deferred improved slightly with Cal21 printing $9,500 while the rest of the curve remained static.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


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