# Bulk report – Week 40

> Capesize rates rallied during the week of Oct 8, with the 5TC index reaching $86,953 before closing at $83,865. The Fronthaul C9 route approached $119,000, while the Transatlantic route paid a significant premium. Panamax demand was weak in the Atlantic but held steady in Asia.

- Date: 2021-10-08 · published 2021-10-08T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/44770-bulk-report-week-40
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Strong capesize rates raise the cost of long-haul bulk shipments, including iron ore and coal, and can add to the cost of grain shipped on mixed fleets. Panamax weakness in the Atlantic limits the pass-through to grain freight.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- balticexchange.com: https://www.balticexchange.com/en/data-services/WeeklyRoundup/dry/news/2021/bulk-report-week-40.html

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