Pacific, Atlantic Capesize markets open trading week on quiet note

摘要

Singapore—The Capesize market opened the new trading week on a fairly quiet note. “It is a very slow market [and] is just drifting around without a clear direction yet,” a shipbroker said. Beside the muted physical market, the paper segment was also sluggish amid thin liquidity. Bunker price kept momentum on the back of the strong crude market, which witnessed week-long run on climbing prices after a halt Friday. Market players held mixed feelings for the market outlook due to big uncertainty on the shipping fundamentals, especially on the shipping demand out of Brazil amid COVID-19.