# China’s Imports of Commodities Drive a Boom in Dry-Bulk Shipping - WSJ

> Surging Chinese imports of metals, grain and other commodities have boosted bulk shipping. Daily capesize rates jumped to an 18-month high of around $35,000, and the Baltic Dry Index reached a 10-year high of 2,808 on Monday.

- Date: 2021-04-27 · published 2021-04-27T12:00:00.000Z
- Category: logistics · region China · magnitude medium
- Page: https://feedsoft.ai/events/47799-china-s-imports-of-commodities-drive-a-boom-in-dry-bulk-shipping-wsj
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Strong Chinese import demand is tightening vessel availability and raising freight costs, which feeds through to higher delivered grain and feed ingredient prices.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- wsj.com: https://www.wsj.com/articles/chinas-imports-of-commodities-drive-a-boom-in-dry-bulk-shipping-11619541574

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