# Dry bulk FFA market: Capesize market crumbles on the eve of trade war

> Capesize freight rates fell sharply in the week to September 13 as paper and physical markets both weakened. The Capesize 5 time charter average dropped to $16,559 on Wednesday, down $1,810 from Monday, amid a vessel supply glut and concern over new US tariffs on Chinese imports.

- Date: 2018-09-13 · published 2018-09-13T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/63210-dry-bulk-ffa-market-capesize-market-crumbles-on-the-eve-of-trade-war
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weaker Capesize rates mainly reflect iron ore and coal trade, so the direct effect on feed grain freight is limited, though the tariff escalation adds to uncertainty in Chinese import demand.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/dry-bulk/dry-bulk-ffa-market-capesize-market-crumbles-on-the-eve-of-trade-war-round-two

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