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Capesize freight derivatives were lifted by speculation over Vale restarting Brazilian mining operations, while Cyclone Veronica threatened Pilbara ports. Port Hedland and Dampier closed terminals with about 9m tonnes of iron ore shipments estimated disrupted.
Freight market swings from cyclones and mining restarts affect shipping costs but have limited direct impact on feed commodity prices.
seatrade-maritime.comMarcus HandMar 22, 2019Not 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.
