# EastGate releases report on the key drivers of the dry bulk shipping market | Dry Bulk

> 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.

- Date: 2020-12-24 · published 2020-12-24T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/49848-eastgate-releases-report-on-the-key-drivers-of-the-dry-bulk-shipping-market-dry
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: neutral

## Sources

- drybulkmagazine.com: https://www.drybulkmagazine.com/dry-bulk/24122020/eastgate-releases-report-on-the-key-drivers-of-the-dry-bulk-shipping-market/

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