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Dry-bulk freight markets are weak as China's property slump, falling cement output and energy rationing weigh on demand. Iron ore stocks at Chinese ports are at three-month highs even though imports remain strong.
Persistent weakness in Chinese demand keeps bulk freight rates low, which trims shipping costs for feed ingredients but signals softer Chinese import demand.
splash247.comSplashAug 30, 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.
