# China a fragile commodity for dry bulk sector fortunes - Splash247

> 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.

- Date: 2017-07-17 · published 2017-07-17T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/70177-china-a-fragile-commodity-for-dry-bulk-sector-fortunes-splash247
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Softer Chinese iron ore and coal volumes point to weaker bulk freight demand, which tends to keep ocean grain freight costs subdued.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- splash247.com: https://splash247.com/china-fragile-commodity-dry-bulk-sector-fortunes/

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