# Asia Dry Bulk-Capesize Rates To Slip; Low Demand,

> Capesize freight rates on key Asian routes are expected to drift lower as vessel supply outpaces cargo demand, though rates remain roughly double last year's level. Western Australia-China and Brazil-China rates are forecast to slip toward about $5 and under $11 per tonne respectively.

- Date: 2017-01-12 · published 2017-01-12T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/73174-asia-dry-bulk-capesize-rates-to-slip-low-demand
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower capesize rates reduce ocean freight costs for dry bulk cargoes, modestly easing landed costs for imported feed raw materials. The decline reflects weak demand relative to fleet capacity.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- marinelink.com: https://www.marinelink.com/news/bulkcapesize-overcapacity420632

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