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Analysts expect dry bulk freight rates to rally into the third quarter of 2021, driven by infrastructure-related demand for iron ore and coal. Strong grain trade is supporting the sub-Capesize segment.
Platts Cape T4 averaged $30,387/day in Q2 and hit a record of $44,233/day on May 5.
A forecast freight rally raises expected shipping costs for grain and oilseed exports, which can widen export basis and lift delivered feed costs. Importers should budget for higher freight into Q3.
spglobal.comJul 8, 2021Not 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.
