Home / Shipping News / Dry Bulk Market / Dry Bulk FFA: Capesize Market Sees Reduced Volume of Trading

Dry Bulk FFA: Capesize Market Sees Reduced Volume of Trading

Capesize FFA Commentary:
There was a more positive tone on cape paper today albeit with significantly reduced volume. Talk of the Atlantic rates moving north helped paper push a touch but, with Singapore on holiday, there was some lethergy to the FFAs which failed to gain serious traction. Despite this we may see more optimism tomorrow when Singapore is back online and there’s more clarity from the physical market.

Panamax FFA Commentary:
Uncertainty from the underlying made for a choppy day on Panamax paper. The curve was sold off heavily in early trading with Nov trading down to $12600, albeit on relatively light volume, only for buyers to surprisingly step back in, Nov trading back up to $13200, after a small decline in the index. By the close of play we were left up on the day with the curve well supported.

Supramax FFA Commentary:
Supramax paper opened the day on a softer note again after feeling the pressure yesterday, although there still were positive reports being circulated from the physical market Q4 was trading $11800-$11700 range and the Q1 sold $9600. Index was delayed reporting however was as expected with 10TC $136 and derived 6TC $195. Have a good evening.

Handysize FFA Commentary:
Another relatively quiet day for the handysize paper, however sime activity was seen with Q4 trading $9575. Have a good evening.
Full Report

Source: Freight Investor Services

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Your email address will not be published.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