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Pacific Capesize market slows due to holidays and limited coal cargoes, while Atlantic market surges, boosting BCI 5TC.
The Capesize market saw a mixed week with the Pacific market slowing down due to holidays and limited coal cargoes from Australia.
This led to a dip in C5 index and BCI 5TC.
However, the Atlantic market experienced a surge in cargo demand, pushing the BCI 5TC up by $2,100.
A surge of fixtures from South Brazil and West Africa to the Far East on Thursday resulted in a very bullish market.
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El mercado Capesize del Pacífico se desacelera debido a las vacaciones y las cargas limitadas de carbón, mientras que el mercado del Atlántico aumenta, impulsando el BCI 5TC.