# Dry Bulk Market: Recovery Still Elusive - Maritimes

> 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.

- Date: 2020-05-18 · published 2020-05-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/53344-dry-bulk-market-recovery-still-elusive-maritimes
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- maritimes.gr: https://maritimes.gr/en/dry-bulk-market-recovery-still-elusive/

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