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EastGate's report says China's infrastructure-led stimulus has supported iron ore and coking coal demand, while Capesize earnings have been weighed by China-Australia tensions and Brazilian rain disrupting loadings. Capesize spot earnings were about US$12,712 per day as of November 27, and the market does not expect a sharp rise before year-end.
Dry bulk freight weakness in the Capesize segment limits the cost pressure on grain shipments, while strong Chinese bulk demand keeps broader freight rates supported.
drybulkmagazine.comWill OwenDec 24, 2020Not 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.
