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A BMTI handy bulk market update describes a deadlocked dry bulk market with few fixtures, as charterers resist owners' high asking rates. Grain brokers expect ECSA front-haul and Black Sea to West Africa rates to rise, with owners seeking sharply higher daily hire.
Rising handysize and supramax grain freight from the Black Sea and South America increases delivered costs of feed grains into importing markets, supporting prices for buyers in those regions.
bmti-report.comBen PerryJun 22, 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.
