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Grain season will boost panamax rates, but waning Chinese demand prompts caution

The Baltic Exchange’s P5TC average hit $11,975 per day on August 30, down nearly 25% on the same day in July

The upcoming US grain export season is expected to strengthen low panamax rates. However, some industry commentators argue that the benefits of this may be being overestimated and counsel caution on any overexcitement

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