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Splash Extra argues the dry bulk market is ending a four-year cycle, with the freight peak reached earlier than expected. Factors cited include Fed tightening, a strong dollar, weak Chinese GDP, Hebei steel curbs, and a European energy crisis.
Capesize C5TC averaged $11,781 in September before rising to $18,584 in early October.
Bearish freight sentiment across dry bulk signals weaker shipping demand and softer bulk freight costs, with limited direct impact on feed grain prices.
splash247.comSplashOct 25, 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.
