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Dry bulk spot rates slid through the week ending October 28, with China offering little guidance on capesize demand according to Baltic Exchange analysts. Market participants say the sector needs a large cargo injection to lift rates.
The article focuses on capesize and general dry bulk market conditions.
Weak dry bulk spot rates point to soft shipping demand, which can lower freight costs for grain cargoes but has limited direct effect on feed commodity prices.
tradewindsnews.comMichael JulianoOct 28, 2022Not 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.
