Home / Shipping News / Dry Bulk Market / Dry Bulk FFA: Capesize Index Finds Buying Support

Dry Bulk FFA: Capesize Index Finds Buying Support

Capesize FFA Commentary:
Another thin days trading on Capes with most activity on the prompt months. Apr traded down to $12700 before findind significant buying support and closing just below $13k. Q2 threatened to break $15k but never did and buyers came back to that level by the end of the day. Q3 traded in line with yesterday at $17750 and Q4 held just above $22k. The deferred were particularly quiet with last done bids on Cal 19 and little real beyond.

Panamax FFA Commentary:
After initially opening firmer, with a flurry of buying seeing April and Q2 trading backup to $14250 and $14000 respectively, Panamax paper succumbed to some pressure post index. Sellers probed the bottom end of the last weeks range on prompts with April slipping to $13900 support while Q2 saw $13700 tested but unbroken, while further out levels were only marginally weaker. The overall tone remains cautious as the physical continues to flat line.

Supramax FFA Commentary:
Supramax paper opened the day on a stronger note with good bid support as Q2 was paid $12850 and the Q3 $12150. However we soon run into sellers and the market was pushed back down with Q2 trading down to $ 12550 and Q3 offered below $12000.

Handysize FFA Commentary:
Quiet day on Handy paper with no reported trading.
Full Report

Source: Freight Investor Services (FIS)

Leave a Reply

Your email address will not be published. Required fields are marked *



Please enter the CAPTCHA text

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping