futures market report


MBIOI-62%       84.99     API2: 48.25         Crude: 59.81            Rotterdam 380:    295.25        Singapore 380:   336.00

In short...


Capes is creaking!! with the premiums looking very big, the Q3 came down from $16,250 to $15,900 and Q4 $16,850 to $16,500, With spot on the downward trend, it looks as if further losses are to be expected on the FFA curve.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


Panamax paper traded down with Feb trading to $4,700; March to $6,750 and Q2 to $8,750 at the lows. The afternoon session saw more buying interest emerge with the front clawing back $250 of the earlier erosion. The Q34 and Cal 21 remains relatively static at the $9,900 and $9,200 respectively.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus

Supramax/ Handy

Smx FFAs dropped further today with Feb trading from $6400 down to $6,200 (-$204). Mar traded from $7,900 to $7,600, while Q2 low was $9,000 (-$186). Q34 traded at $10,000 which was marginally down (-$27).

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