# Dry bulk freight: Still the servant of the Chinese demand cycle

> The Baltic Dry Index has slipped to about 1,000 points from 1,100 last month, tracking a weaker April China PMI and lower iron ore and coal imports. Capesize FFA rates briefly rose on the week before a mixed panamax and supramax picture.

- Date: 2017-05-12 · published 2017-05-12T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/71199-dry-bulk-freight-still-the-servant-of-the-chinese-demand-cycle
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Softer Chinese bulk demand points to lower ocean freight for grain and oilseed cargoes, although seasonal patterns may still bring a later pickup.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/dry-bulk/dry-bulk-freight-still-the-servant-of-the-chinese-demand-cycle

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