Affinity Dry Cargo Weekly 22 May 2026

The Capesize market faced a downturn this week, with the BCI 5TC closing at USD 44,931, a decrease of USD 1,985, amid lower cargo volumes and mixed performance across both basins. The Panamax sector exhibited similar weakness, with the BPI declining to USD 20,485 due to oversupply and dwindling demand, while the Supramax market remained rangebound, benefiting from US Gulf demand yet pressured by excess tonnage in Asia. Meanwhile, Indonesia's coal export centralization amid rising global demand is reshaping trade flows, particularly impacting China's import strategies, as it diversifies beyond Indonesia in response to geopolitical shifts and supply risks.