FFA 14/1-10

Capes

Jan '10 +1500
Feb '10 +2750
Q1 '10 +2250
Q2 '10 +2250
Q3 '10 +500

Comments

Cape paper started to make a real move on the run up to the index
which saw sizeable gains. Although some profit takers came into the
market as the afternoon progressed there were bids around on close,
and with further positive news, the expectation is for another push
tomorrow.

Panas

Jan '10 +1750
Feb '10 +500
Q1 '10 +1000
Q2 '10 +750
Q3 '10 + 500


Comments

Market pushed in the morning session on back of a renovated support
on the bigger sisters. Q1 traded up $2,000 from yesterdays low. The
market drifted a touch post a weak index, but picked up again in the
late trading expecially on the prompt period.