Iron Ore Demand Concentration Doesn’t Bode Well for the Dry Bulk Market
China’s recent move to exert more control over the iron ore market pricing, could result in more control over the seaborne market as well. In its latest weekly report, shipbroker Allied Shipbroking said that “the difficulties on the Capesize front look to still be on the forefront, despite some improvement noted early last week as well as in the week prior. We have already seen some retreat in the vital support brought about by the improved coal trade this year, although this is likely to prove only temporary given the ...
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