futures market report


MBIOI-62%      78.40   API2: 50.00      Crude: 55.28      Rotterdam 380:  278.00      Singapore 380:  303.75

In short...


Volume remained thin over the day with levels continuing to trend marginally lower. Feb traded to USD 4,175 while the March was sold to USD 6,700. Q2 traded several times at USD 11,000 but remained bid on throughout the day. The 21 was given down to USD 13,350, while the 22 also traded flat to that.

Atlantic futures minus                  Front Haul futures minus                     Pacific futures minus


A volatile day on the paper with the market on the front of the curve changing direction several times: March traded between $6,700-$7,100; April between $8,750-$91,50; Q2 $9,350-$9,700. The conference rate on the Q34 Panamax was $10,500 and the C21 stuck between $9,600-$9,700. We end the day supported just off the highs.

Atlantic futures plus                  Front Haul futures plus                     Pacific futures minus

Supramax/ Handy

Smx FFAs lost value across the curve, but, more so until the April contract. Specifically, Feb traded down to $6000 (-$282), March $7250 (-$354), April $8500 (-$336). Q2 lost less value comparatively and traded $9200 (-$44), Q3 tight ranged $10300 (-$37) - $10350, and, Cal 21 traded $9400 (-$43).

Atlantic futures plus                  Front Haul futures plus                     Pacific futures plus

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