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Decline in iron ore exports to China renders dry bulk unstable

Declining demand for iron ore in the enormous Chinese market has impacted the capesize market in dry bulk, writes analyst firm Bimco.
Slowdown in the Chinese economy has led to a decline in demand for iron ore in the country's steel industry. | Photo: Jianan Yu/Reuters/Ritzau Scanpix
Slowdown in the Chinese economy has led to a decline in demand for iron ore in the country's steel industry. | Photo: Jianan Yu/Reuters/Ritzau Scanpix
by KIM WIESENER

Iron ore exports to China have decreased by 3.2% in the first half of the year, significantly impacting the dry bulk market, according to analyst firm Bimco.

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