# Dry bulk FFA market: Low activity from European holidays

> Capesize activity slowed during the week of 7-14 June because of European holidays and fewer iron ore cargoes out of Western Australia. Vale expected to restart its Brucutu mine, adding about 20 million mt of annual capacity, and oil prices rose after tanker attacks near the Gulf of Oman.

- Date: 2019-06-14 · published 2019-06-14T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/58801-dry-bulk-ffa-market-low-activity-from-european-holidays
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Thin physical activity limits near-term freight support, while the Vale restart could add Brazilian ore tonnage and firm Capesize rates later in the period.

## Read by commodity

- OCEANFRT: neutral

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/dry-bulk/dry-bulk-ffa-market-low-activity-from-european-holidays

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