futures market report

 

MBIOI-62%       94.65     API2: 49.55          Crude: 65.20            Rotterdam 380:    295.50       Singapore 380:   360.50


In short...

Cape

With the disastrous physical market and holidays on the horizons, the market has ground to halt, Q2 traded to low of $11,200 before finding a level there, whilst the rest of the curve remained unchanged. We are all looking for some inspiration from somewhere!.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Panamax

The market stuck true to its recent trend: Competitive nearby bids were sold until about an hour after the index (-$373) with Feb hitting $6,900 and March $9,000. The FM traded as a package in reasonable volume at $8,000. The rest of the curve remains solidly supported with Q234 and Cal 21 underpinned from the buy side. Q234 closes $10,300 / $10,400 and C21 traded to $9,500.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Supramax/ Handy

A relatively busy day in the world of Supramax FFAs with most of the action coming from the front months losing value (index -$40) and the Cal20 selling off to close out the day. February picked up where it left off and opened the trading at $7,300 before steadily losing its value and trading to a low of $7,000 and then appreciating slightly to $7,100 last done; January traded $6,300 and March printed a handful of times at $8,700 and $8,600; Cal20 exchanged slightly softer at $9,250.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


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