# Tightness in Panamax (Not Capesize) Atlantic Basin; Chinese Coal and Brazilian Iron Ore Prospects Remain Encouraging — Breakwave Advisors

> Dry bulk freight rates were mixed in the week reported, with Capesize rates falling while rates in the rest of the market rose. Analysts see Panamax tightness in the Atlantic basin and expect Capesize strength in the second half of 2021, supported by Brazilian iron ore export growth. Brazil's iron ore exports reached 33.7 million tonnes in the month cited.

- Date: 2021-07-05 · published 2021-07-05T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/46268-tightness-in-panamax-not-capesize-atlantic-basin-chinese-coal-and-brazilian
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Tighter Panamax availability in the Atlantic basin supports freight costs for grain cargoes. The effect on feed ingredient prices is modest given the mixed rate picture.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2021/7/5/tightness-in-panamax-not-capesize-atlantic-basin-chinese-coal-and-brazilian-iron-ore-prospects-remain-encouraging

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