# C3–C5 spread rebuilds as Brazil premium climbs above $21/mt

> Brazil–China Capesize freight rose more sharply than West Australia–China freight for a second consecutive week. The C3–C5 spread reached $21.92 per metric tonne, above its 52-week reference average of $19/mt.

- Date: 2026-11-09 · published 2026-11-09T09:09:46.673Z
- Category: logistics · region Brazil–China shipping route · magnitude low
- Page: https://feedsoft.ai/events/89142-c3-c5-spread-rebuilds-as-brazil-premium-climbs-above-21-mt
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

The wider spread means shipping grain and other bulk commodities from Brazil to China costs more relative to the West Australia route. Higher freight can raise delivered costs for buyers and reduce Brazil’s competitiveness at the margin.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- maritimegazette.co.uk: https://maritimegazette.co.uk/article/brazil-premium-rebuilds-as-c3-c5-spread-returns-above-21-mt-18600109

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