# Bulkers: Piggy in the middle - Splash247

> Splash reports that dry bulk freight rates rose in mid-March as Chinese steel markets picked up, then paused as the month went on. China's central bank cut the reserve requirement ratio by 0.25% on March 24, and iron ore fell nearly 10% in March. Ships are repositioning from the Atlantic back to the Pacific.

- Date: 2023-03-28 · published 2023-03-28T12:00:00.000Z
- Category: logistics · region China · magnitude low
- Page: https://feedsoft.ai/events/37067-bulkers-piggy-in-the-middle-splash247
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Freight rates are tied to Chinese steel and infrastructure demand, which also drives the mix of ships available for grain cargoes. The outlook is mixed, so the effect on feed freight costs is limited.

## Read by commodity

- OCEANFRT: neutral

## Sources

- splash247.com: https://splash247.com/bulkers-piggy-in-the-middle/

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