Affinity Dry Cargo Weekly 05 June 2026

The dry bulk market experienced subdued activity following Posidonia, with the Capesize 5TC declining to USD 45,707 amid weak demand, particularly from Brazil and West Africa to China. In the Panamax segment, the P5TC also fell, closing at USD 20,121 as excessive tonnage limited upward movement. The Supramax market showed mixed signals, ultimately landing at USD 20,067, while Handysize rates increased to USD 15,546, supported by tight US Gulf tonnage. Amid slowing iron ore prices and ongoing challenges in coal and grain routes, global copper markets are rife with uncertainty due to potential US tariffs on refined imports, impacting demand and pricing dynamics.