futures market report

 

MBIOI-62%       90.83     API2: 49.60         Crude: 62.04            Rotterdam 380:    290.50       Singapore 380:   346.25


In short...

Cape

A slow day on cape bar the deferred, the nearby edged up again with q2 up at 12250, but overall the main move came from the deferred 21 today where there is certainly a feeling of lacking sellers. The market is poised for a big move on physical post Chinese new years, but if physical doesn't react quickly after CNY you will see the sellers return again.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Panamax

We end the week with the curve largely supported albeit in thinner volume trading: Feb trades $6,600; March $9,150; Q2 $10400 and Cal 21 $9,650. The carry to spot remains high so traders will be keeping a close eye on physical developments after the Chinese New Year holidays early next week.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Supramax/ Handy

Similar to Cape and Panamax, the Supramax FFAs found more support today regardless of the negative physical market and index (-$29). Although volumes were limited, Q234 traded up to $10,100 and Feb traded from $7,050 up to $7,100. The market likely won’t return to normal trading volumes until after the CNY break.

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