# Asia Dry Bulk-Capesize Rates Up On Increased Traffic

> Capesize freight rates on key Asian routes hit multi-week highs and were expected to rise further, with more than 30 fixtures reported in the week to 22 February. The gains were driven by record-high iron ore prices and rising coal shipments into China.

- Date: 2017-02-23 · published 2017-02-23T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/72702-asia-dry-bulk-capesize-rates-up-on-increased-traffic
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Capesize strength reflects bulk demand driven by iron ore and coal rather than grain, so its direct effect on feed grain prices is limited. It does indicate firm overall dry bulk freight costs.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- marinelink.com: https://www.marinelink.com/news/bulkcapesize-increased422429

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