# Dry cargo is cheerleading for China - Splash247

> Record heat around Beijing, with forecasts above 40C across several northern Chinese cities, is disrupting the Dragon Boat holiday and some factory output. Freight markets in the Pacific were not yet affected, with Australia-China capesize iron ore rates at $8.80 a tonne as of June 23.

- Date: 2023-06-27 · published 2023-06-27T12:00:00.000Z
- Category: logistics · region China · magnitude low
- Page: https://feedsoft.ai/events/35704-dry-cargo-is-cheerleading-for-china-splash247
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Heat-driven factory closures could slow Chinese industrial and feed-related demand, while coal and iron ore freight remained firm. For feed buyers the effect on ocean grain freight is limited for now.

## Read by commodity

- OCEANFRT: neutral

## Sources

- splash247.com: https://splash247.com/dry-cargo-is-cheerleading-for-china/

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