futures market report

 

MBIOI-62%       94.12      API2: 49.60         Crude: 63.21             Rotterdam 380:    297.50       Singapore 380:   354.00


In short...

Cape

A bullish day on capes, the market seems to lack a size sellers, the deferred Cal21 continues to see continued buying interest with the market trading up to $12,900. A huge amount of optimism surrounds the market for post china new year.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Panamax

Pmax paper followed in the footsteps of the Cape resilience today, moving north across the board despite a considerably weaker physical tone going into Chinese New Year. Mar and Q2 printed in volume around $9,250 and $10,350, whilst the Q34 package ticked up to $10,600 from $10,350. Activity further down the curve was seemingly muted as counterparts try to figure out the premiums the nearby curve is currently adopting.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Supramax/ Handy

The Smx spot continues to drift (-$51), with only one physical route in the green. Feb traded again in a narrow range between $6900 and $7000 (+$125), and Q2 printed $9600 (+$79) in a bit of size. Despite the premia we continue to see support Q2 onwards in this sector as well.

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