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Baltic Exchange weekly bulk report says Capesize rates collapsed to $15,550 per day on the 5TC, a weekly drop of $3,199. The Brazil to China C3 iron ore index fell $2.33 to $15.095, and Pacific routes weakened with Panamax tonnage looking oversupplied.
Falling dry-bulk rates lower bulk freight costs for grain and oilseed shipments, though the decline reflects weak iron ore and coal demand more than grain flows.
balticexchange.comOct 30, 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.
