# How The Major Dry Bulk Commodities Drive The Freight

> An EastGate report on September 30 says dry-bulk freight into Q4 is being driven by Chinese iron ore demand, with China's ore imports up 11% year on year in the first eight months. Capesize vessels have benefited most from this buying. The report also notes that the coronavirus second wave adds uncertainty to shipping demand.

- Date: 2020-09-30 · published 2020-09-30T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/51023-how-the-major-dry-bulk-commodities-drive-the-freight
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Strong Chinese raw-material demand supports dry-bulk rates, which feeds into ocean freight costs for grain and oilseed shippers.

## Read by commodity

- OCEANFRT: neutral

## Sources

- marinelink.com: https://www.marinelink.com/news/major-dry-bulk-commodities-drive-freight-482096

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