# Viewpoint: Weak Chinese demand to weigh on Supramaxes

> Bimco and other shipping analysts expect supramax rates to face pressure in 2020 as Chinese grain import demand stays subdued while the hog herd recovers from African swine fever, which destroyed about 32% of the herd in 2019. Dry-bulk newbuild deliveries also hit a five-year high.

- Date: 2019-12-31 · published 2019-12-31T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/55764-viewpoint-weak-chinese-demand-to-weigh-on-supramaxes
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Expected weak Chinese soymeal and grain imports lower demand for soybeans and feed ingredients, while lower feed use points to reduced soymeal demand over time.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-02-20 | [Soybeans drop on China demand worries, wheat near 4-week peak \| Financial Post](https://feedsoft.ai/events/10635-soybeans-drop-on-china-demand-worries-wheat-near-4-week-peak-financial-post.md) | -1.8% | -8.0% |
| SOY | 2019-03-12 | [Swine fever hurts China soybean demand, raises doubts on trade promises](https://feedsoft.ai/events/60092-swine-fever-hurts-china-soybean-demand-raises-doubts-on-trade-promises.md) | +3.2% | +2.4% |
| SOY | 2019-09-27 | [Fatter pigs, new farms to boost China soymeal demand](https://feedsoft.ai/events/57086-fatter-pigs-new-farms-to-boost-china-soymeal-demand.md) | +2.6% | +5.0% |
| SOY | 2020-02-28 | [China's soy complex demand likely to fall in H1 2020 on coronavirus outbreak: Rabobank \| S&P Global](https://feedsoft.ai/events/10636-china-s-soy-complex-demand-likely-to-fall-in-h1-2020-on-coronavirus-outbreak.md) | +0.3% | -0.7% |
| SOY | 2021-04-15 | [More wheat feeding and pig disease outbreaks pose double threat to China soymeal demand \| Reuters](https://feedsoft.ai/events/47642-more-wheat-feeding-and-pig-disease-outbreaks-pose-double-threat-to-china.md) | +6.2% | +17.8% |
| SBM | 2020-02-20 | [Soybeans drop on China demand worries, wheat near 4-week peak \| Financial Post](https://feedsoft.ai/events/10635-soybeans-drop-on-china-demand-worries-wheat-near-4-week-peak-financial-post.md) | -0.6% | +3.8% |
| SBM | 2019-03-12 | [Swine fever hurts China soybean demand, raises doubts on trade promises](https://feedsoft.ai/events/60092-swine-fever-hurts-china-soybean-demand-raises-doubts-on-trade-promises.md) | +4.4% | +4.2% |
| SBM | 2020-02-28 | [China's soy complex demand likely to fall in H1 2020 on coronavirus outbreak: Rabobank \| S&P Global](https://feedsoft.ai/events/10636-china-s-soy-complex-demand-likely-to-fall-in-h1-2020-on-coronavirus-outbreak.md) | +1.2% | +8.8% |

## Sources

- middleeastmetals.ir: https://middleeastmetals.ir/en/news/8175/viewpoint-weak-chinese-demand-to-weigh-on-supramaxes

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