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The Capesize market in the Pacific weakened after Cyclone Mitchell disrupted West Australian Pilbara ports and miner activity slowed. The BCI 5TC fell about USD 5,000 over the week to below USD 26,000, as South Atlantic and Western Australian loaded volumes moderated.
The BDI has dropped below 1,900 from a December peak near 2,500.
Lower Capesize earnings and softer iron ore and coal volumes point to easing bulk freight costs, a modest offset to grain import costs.
ajot.comAJOTFeb 12, 2026Not 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.
