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Dry-bulk freight futures stayed subdued in the week after China's National Day holiday as Chinese traders returned without lifting rates. The People's Bank of China cut the reserve requirement ratio by 100 basis points to support growth amid US-China trade tensions.
Weak freight sentiment and trade-tension uncertainty keep ocean grain freight costs under pressure, while China's monetary easing is a small offset for Chinese feed demand.
seatrade-maritime.comMarcus HandOct 11, 2018Not 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.
