- Panamax rates rose 3.4% in June, marking their largest increase since March 21st.
- Supramax rates rose today by 1.3%, which marks their largest increase since April 24th.
- June saw Chinese steel prices had fallen to the lowest level since mid-February.
According to a report published in the Dry Cargo International, there was a marked increase in the Panamax rates since late March.
Panamax rates
Panamax rates rose by 3.4% on June 26, which marks their largest increase since March 21st.
Supramax rates
Supramax rates rose today by 1.3%, which marks their largest increase since April 24th.
These segments are being supported by a very healthy amount of South American grain cargoes and various coal cargoes surfacing in the spot market.
Chinese Steel Prices
The Chinese steel prices have risen again and continue to climb above Friday’s low.
By June 21, steel prices had fallen to the lowest level since mid-February. But in the subsequent week, they have increased by approximately 1.9%. This marked a large increase for just two days.
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Source: Dry Cargo Magazine
