Capesize FFA Commentary:
Capes came under significant pressure today from the start with new lows being sold on most of the curve. July traded down 9000, Aug 11000 and Sept 13300. Q4 remained reasonably resiliant only trading down to $15k at the lows. Q3 v Q4 came back to -3900 value which again was the widest that spread has been for several months. The physical market remained subdued with little reported fixtures.
Panamax FFA Commentary:
The stand off in the ATL and the flat Pac market made for another range bound day of trading on Panamax paper which with talk of some more enquiry entering the market saw us trading at the top end of the current range through most of the day. However, in a similar vein to yesterday we once again slipped towards the close leaving us flat on the day with more convincing required if we are to see a break out.
Supramax FFA Commentary:
Supramax paper continued the forward momentum that was creeping in last night as rates pushed again this morning. Q3 was see being paid $8600 and the Q4 broke $9000 again as we reached $9100. Index was rather uninspiring and led to a rather quiet afternoon, however there remained bid support down the curve. Have a good evening.
Handysize FFA Commentary:
Very quiet and unchanged day to the handysize paper. No reported trades. Have a good evening.
Source: Freight International Services (FIS)