# Dry cargo becalmed - Splash247

> 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.

- Date: 2024-07-30 · published 2024-07-30T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/29494-dry-cargo-becalmed-splash247
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weak Chinese domestic demand and softer commodity prices point to slower import demand, which can weigh on dry bulk freight rates.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- splash247.com: https://splash247.com/dry-cargo-becalmed/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.