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Signal's April 20 dry bulk report describes firmer freight sentiment, with Panamax congestion rising at Chinese ports. Iron ore at Tianjin was near $150/t as Chinese steelmakers resumed output, and India moved to increase imported coal use for power generation amid domestic supply worries.
Rising Chinese port congestion and increased Indian imported coal demand support near-term bulk freight rates, which lift ocean grain shipping costs for feed importers.
breakwaveadvisors.comSignal OceanApr 20, 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.
