# Has the lockdown party ended for dry bulk? - DatamarNews

> The Baltic Dry Index averaged 4,948 in 2021, up from 1,066 in 2020, before falling 61% from an October peak to 2,217 at year end. It averaged about 1,923 in January through the 21st. Brokers cited China lockdowns, port debottlenecking, Indonesian coal export rules and seasonal factors, with no single cause identified. Route rates such as Brazil to China fell sharply.

- Date: 2022-01-27 · published 2022-01-27T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/43056-has-the-lockdown-party-ended-for-dry-bulk-datamarnews
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Sharply lower dry bulk freight reduces the cost of shipping grain and meal from Brazil and the US to Asia, which can widen export margins but also signals weaker Chinese bulk demand.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- datamarnews.com: https://datamarnews.com/noticias/has-the-lockdown-party-ended-for-dry-bulk/

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