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freightinvestor

  1. ISO: Volatility bred volume with decent action down the curve to Cal13 - volume in excess of 600kt thru SGX today and looks far from over.
  2. PMX: More losses across the curve - June and Q3 to $6700 and $7500 Q4 sold off to $8750 after which buyers pushed it back to $8900.
  3. Cape: Physical tumbling in both oceans and index expected sub-5k in coming days, we expect further downside on prompt before next week.
  4. SMX: (corrected) Bearish but increased liquidity - main interest on prompt with June $9,400-$9,650, thinner on the deferred Cal 14 $10,700.
  5. Bunker: Asia FO market stronger June-September now in backwardation with cracks narrowing for first time in three sessions.
  6. HRC: Nov and Dec at $655/t on index drop - bids retracted and offers weren't eager to chase them down.
  7. News: Marubeni to buy Gavilon Group for $3.6bn making it one of the world’s largest grain traders., NYT reports.
  8. USHRC: Most are waiting to see if prices stabilise and tick up but there is a lot of steel out there so fear is prices may move lower.
  9. PMX: Limited fresh activity but despite last weeks' bearish close and neg index levels slightly firmer on Q3 and Q4 $8050 and $9100.
  10. Cape: Holidays left the market very quiet - index fell and TC voyage returns look poor so question is whether the market will go lower.
  11. IOS: Firmer trend am - physical news bullish on China infrastructure plans - bids opened at Friday's close and well-supported on the day.
  12. SMX: Quiet start due to US Memorial Day holiday and Whitsun in most of Europe - trading seen was June which @ $9,900.
  13. USHRC: Global prices still very bearish and further imports seem inevitable with US giving healthy returns compared to other global markets.
  14. IOS: Stable close with TSI edging up and swaps seeing bids improving $0.50 on June 12, July 12 and Q312 - June in $128 to $129 range.
  15. Cape: Slightly more eventful but with little to inspire from physical and a typical Friday index, the paper market was well offered all day.
  16. PMX: Softer with index -377 - Q4 $8900-9000 and Q1 at $8,300 - very quiet post index and looking to next week for changes on the physical.
  17. Bunker: Fundamentals weak on high stocks but demand could improve on lower outright prices, keeping the market balance, traders said.
  18. IO Options. Prompt bids creeping back up on front quarter volatility but appetite to go short seems to be missing for the moment.
  19. PMX: Still coming off - June $7750-8000, Q3 $7850 and $8000 market unchanged post-index (down 446) and sentiment remains, er, negative.
  20. Cape: Index -13.62% and curve took another hammering - Cal 13 sold down to $12,800, Cal 14 $15,400, Cal 15 $16,900.