# Signal Dry Bulk Weekly Report  — Breakwave Advisors

> Signal Ocean's June 15 weekly report says dry bulk freight rates have trended lower since mid-May, with capesize declines the sharpest. Chinese iron ore prices fell to a two-week low on renewed COVID lockdown fears, and Chinese coal imports in May were 2.3% lower than a year earlier.

- Date: 2022-06-15 · published 2022-06-15T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/41156-signal-dry-bulk-weekly-report-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weaker Chinese import demand and falling freight rates reduce ocean transport costs for grains and feed ingredients. The softer demand outlook from China weighs on bulk commodity prices.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2022/6/15/signal-dry-bulk-weekly-report

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.