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Freight rates continued their weak momentum, while seaborne flows are gradually recovering. The report also covers iron ore rising above $100 on Chinese intervention and expectations that China will lift its ban on Australian coal imports.
Dry bulk freight weakness lowers ocean grain transport costs, while the focus here is mainly on iron ore and coal, which have limited direct effect on feed commodity prices.
breakwaveadvisors.comSignal OceanJul 21, 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.
