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MID-SHIP's weekly dry bulk report says Capesize rates eased from a recent peak as iron ore demand softened after Chinese steel mills announced capacity cuts. Panamax rates rose on Pacific basin demand, led by Indonesian and Australian exports and North Pacific grain shipments.
Supramax and handysize markets were described as flat to stable.
Freight costs feed into landed grain and meal prices for importers, and Pacific Panamax strength raises the cost of grain and oilseed shipments from North America and Australia. Softer Capesize demand points to weaker iron ore and bulk demand but has little direct effect on feed grain prices.
midship.comFrankMar 26, 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.
