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MSI reports that dry bulk rates rose strongly in early 2017 on iron ore and coal demand, but have since fallen from March-April highs, with capesize spot below $9,000 a day by early June. The analyst warns that a weaker second quarter could slow the sector further.
Softer Chinese iron ore and coal volumes point to weaker bulk freight demand, which tends to keep ocean grain freight costs subdued.
splash247.comSplashJul 17, 2017Not 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.
