Atlantic capesize rates rise on iron ore demand

摘要

Atlantic capesize rates again firmed in the past week, driven by a flurry of iron ore fixing into China, with last week's Chinese Golden Week holiday doing little to dampen trade. The price differential between Chinese domestic ore prices and product from Australia and Brazil has widened enough to make seaborne imports attractive, and the rise in shipments from the Atlantic into Asia continues to whittle down the list of available tonnage.