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Capesize slump continues on ever-weakening sentiment

The market appears to be capitulating to weaker sentiment, especially concerning iron ore volumes. Some support is being seen from coal and bauxite trades

Spot daily average breaches the $13,000 level, with cargoes lacking amid plentiful tonnage. Elsewhere, futures prices for the first quarter inch closer to the $6,000 mark, a record low for this contract, brokers say

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