Loading…
The first iron ore export ports serving the Simandou mine in West Africa have opened, adding new supply. Capesize freight rates on the Australia-China and Tubarao-Qingdao routes moved within a volatile range through November, with monthly averages near $26,000-28,000 per day.
New iron ore supply from Simandou adds capesize tonne-miles but also pressures iron ore prices, leaving the net effect on dry bulk freight mixed. The story has little direct bearing on feed commodity prices.
splash247.comSplashNov 25, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
