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China Dry Bulk Capes

Capesize rates fall to lowest level in two months

The Baltic Exchange Capesize Index dropped to 3,089 points on Friday from the week-ago level of 3,930, following a rally that saw it rise to 5,404 points on May 5 on the back of dampened demand in Atlantic

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In the longer term, the Chinese economy will be increasingly driven by advanced technology and less by building and construction activity in the coming years, according to a Danish Ship Finance quarterly report. This will reduce the Chinese economy’s requirement for steel, hampering demand growth for iron ore and putting pressure on the capesize fleet

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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