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Splash247 reports weak Chinese economic data for H1 2024, including falling steel output, retail sales and prices, with deflation in its fifth straight month. China's exports still rose 3.6% in H1, while iron ore prices have fallen from about $144 at the start of 2024 to just above $100.
Weak Chinese domestic demand and softer commodity prices point to slower import demand, which can weigh on dry bulk freight rates.
splash247.comSplashJul 30, 2024Not 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.
