futures market report

 

MBIOI-62%       90.80    API2: 50.10         Crude: 60.69            Rotterdam 380:    277.75        Singapore 380:   331.75


In short...

Cape

With Chinese holidays upon us, volumes were thin, but due to negative news with the global market due to the coronavirus, markets came off on the nearby Q2 down to $11,000 and the Q3 down to $16,250. Even the deferred Cal21 came off to trading at $12,750. As a whole, markets will remain fairly thin volumes throughout this week, so expect plenty of volatility.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Panamax

Panamax paper started the week in lower territory: The morning saw a sharp drop in values with March trading to $8,200; Q2 to $9,900 and Q234 to $10,200. The Cal 21 now prices at $9,350 at fair value. Support built up for the March contract at $8250 on the close as the market generally ends the day supported just off the day’s lows.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus


Supramax/ Handy

A negative start to the week for Smx FFAs which followed suit to the other dry bulk sectors. Feb traded from $6,800 down to $6,700 (-$386), while, March traded from $8,500 down to $8,300 (-$525). Q2 traded at $9,500 (-$250), despite a relatively flat -$17 index outcome.

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