# Dry Bulk report

> Capesize rates held near the mid-$13 range on Brazil-China routes in mid-February, with some support from charterers replacing Vale cargoes. Higher bunker prices limited owner returns, and Panamax rates were mixed with some improvement in the Pacific. Period rates for Capesize continued to slide.

- Date: 2019-02-17 · published 2019-02-17T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/60802-dry-bulk-report
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Reduced Brazilian iron ore and grain exports weigh on dry bulk demand, keeping freight rates soft. Lower freight costs are modestly favorable for importers of feed ingredients.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- services.naftemporiki.gr: https://services.naftemporiki.gr/finance/story/1445368/dry-bulk-report

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