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Dry Bulk Energy Political Risk and Trade

Brazil iron ore exports up in second quarter, but questions hang over Chinese demand

  • Brazilian exports boost tonne-mile demand for capesizes
  • But domestic Chinese demand remains uncertain, despite steel exports
  • India could become a demand source as it transitions from exporter to importer 

  • News

Stronger than expected production from Vale in the second quarter means there is plenty of cargo for the capes, but longer-term demand is still uncertain

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