By Keith Wallis

SINGAPORE, Sept 30 (Reuters)– Freight prices for big capesize completely dry freight carriers on secret Asian courses, which struck the greatest in concerning a year last Thursday, are readied to stay resilient throughout China’s week-long National Day vacation that begins on Saturday, ship brokers stated.

“The market is always firm during Golden Week holidays, so I don’t think the capesize market will fall off a cliff,” a Shanghai- based capesize ship broker stated on Friday.

“I think the market will stay around current levels and maybe go up a bit as we start the fourth quarter,” the broker stated.

Capesize prices slid after coming to a head recently as Brazilian miner Vale and also Australian miners Fortescue Metals Group and also BHP Billiton were mainly missing from the marketplace, brokers stated.

There were 21 capesize area charter components taped in the week to September 29, compared to 44 in the previous week, information on the Reuters Eikon incurable revealed.

“People are a little more optimistic that chartering activity will pick-up next week,” a Singapore- based capesize broker stated on Friday.

The variety of vessels offered for packing in October from Australia is limited with just 8 or 9 ships still offered to fill freight in October, the broker stated.

Fixture information today revealed most vessels were hired for packing in the initial 20 days of October, recommending there is still freight to tons for completion of following month, according to information on the Reuters Eikon incurable.

“Owners are still optimistic the capesize market will come back in the fourth quarter,” the Singapore- based broker included.

Capesize charter prices for the Western Australia-China course was up to $5.56 per tonne on Thursday compared to $6.46 per tonne recently, the greatest becauseAug 11, 2015.

Freight prices from Brazil to China slid to $12.04 per tonne on Thursday from $12.78 per tonne the very same day recently, the greatest because October 5, 2015.

Charter prices for smaller sized panamax vessels for a north Pacific round-trip trip reached $6,227 daily on Thursday, up from $5,914 daily lastThursday Rates struck $6,347 daily on September 27, the greatest because July 26.

The boost was helped by charterers dividing capesize freights right into 2 Panamax stems, Norwegian ship broker Fearnley stated in a note on Wednesday.

For smaller sized supramax vessels, products prices in the Far East were mainly the same at around $7,500 daily for freights from Indonesia to China, Fearnley stated.

The Baltic Exchange’s major sea products index was up to 888 on Thursday below 937 last Thursday.

( c) Copyright Thomson Reuters 2016.