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Capesize 5TC shed over 50 percent in one week before a small rebound, closing at $2,394 per day. Panamax rates in the Atlantic came under severe pressure while Asia held up better on minerals and grain enquiry.
Sharp freight declines reduce transport costs for bulk feed raw materials, but weak Atlantic Panamax demand signals softer global trade volumes that weigh on commodity demand.
maritimes.grmaritimesMay 18, 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.
