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The Brazil–China C3 Tubarão–Qingdao freight rate rose $2.93 per metric ton to $36.80, while the West Australia–China C5 rate increased $0.78 to $14.88. The spread between the routes widened to $21.92 per ton, above its 52-week average of $19.
Higher ocean freight raises the cost of shipping Brazilian exports to China and can reduce their price competitiveness. The reported increase supports ocean freight rates on the route.
lognewsworld.comNov 8, 2026Not 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.
