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International Dry Bulk

Cape futures make gains as spot market soars to new heights

While the near-dated futures contracts have made gains since last week, spot levels have now hit new highs at over $69,000 per day

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Backwardation will persist given uncertainty over demand linked to lower iron ore pricing and the Evergrande situation, which knocked some confidence over the longer term

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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