# Bulk report – Week 44

> 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.

- Date: 2020-10-30 · published 2020-10-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/50832-bulk-report-week-44
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- balticexchange.com: https://www.balticexchange.com/en/data-services/WeeklyRoundup/dry/news/2020/bulk-report---week-44.html

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