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Signal Ocean's weekly dry bulk report says freight sentiment weakened in late June. Iron ore rose about 5% in Dalian to a one-week high on hopes for Chinese demand, but Beijing has not announced specific stimulus.
Coal output in Poland and Ukraine is rising ahead of winter, and Germany, Austria and the Netherlands are preparing more coal-fired generation.
Softer dry bulk freight rates lower the cost of moving feed grains and oilseeds, which weighs on ocean freight prices. Chinese steel weakness limits the broader commodity demand outlook.
breakwaveadvisors.comSignal OceanJun 29, 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.
