# Dry cargo is finally back on track - Splash247

> Capesize rates rallied as China's iron ore imports in 2023 exceeded the 2021 record and Chinese steel mills restocked. The People's Bank of China cut the reserve requirement ratio for state banks by 0.25 percentage points to 5%. Panamax operators expect a firm North American grain season, with grain fixtures for early October loading.

- Date: 2023-09-26 · published 2023-09-26T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/34303-dry-cargo-is-finally-back-on-track-splash247
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Stronger China steel activity and early-October North American grain fixtures point to firmer ocean freight for grain exports in the coming weeks.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- splash247.com: https://splash247.com/dry-cargo-is-finally-back-on-track/

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