# Asia's dry bulk pounded by easing congestion, falling commodity prices | S&P Global

> S&P Global reports Asian dry bulk rates falling steeply since October 20, with the Cape T4 index down 50.88% to $24,938 per day by November 9. Panamax and supramax routes also fell sharply as Chinese port congestion eased, steel output dropped, and iron ore and coal prices declined.

- Date: 2021-11-10 · published 2021-11-10T12:00:00.000Z
- Category: market · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/44243-asia-s-dry-bulk-pounded-by-easing-congestion-falling-commodity-prices-s-and-p
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Sharp falls in dry bulk rates lower ocean freight costs for grain shipments, while weaker Chinese commodity demand signals reduced import appetite. Lower freight tends to ease delivered costs for imported feed ingredients.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/shipping/111021-asias-dry-bulk-pounded-by-easing-congestion-falling-commodity-prices

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