Capesize markets open trading week on soft tone

摘要

Singapore—The Capesize markets opened the last trading week before the Lunar New Year on a softer tone in both physical and paper markets. Holiday mood was seen in the Chinese market with low activity levels in shipping and commodity businesses. “The Capesize market is dropping a bit and most charterers prefer to wait and see,” a shipbroker said, adding that some owners were intending to lower their offers to fix ships before New Year's holidays.