Pacific, Atlantic basin Capesize markets see thin activity before holidays

摘要

Singapore—There was thin activity in the Pacific and Atlantic basin Capesize markets during Asian trading hours Thursday, with rates extending losses for the fourth consecutive day in the last trading week before the Lunar New Year holidays. Most China-based market participants were away for the holidays until January 30. The forward freight agreement market was stable with thin trading. The spread of the newly identified coronavirus in China's Wuhan raised demand growth concerns, including for crude and commodities.