Capesize daily rates made little headway throughout the past week amid ongoing coronavirus jitters.

The Baltic Exchange's weighted timecharter average for capes opened the week at $2,542 to close Friday at $2,797.

The benchmark West Australia-Qingdao route's per metric tonne rate declined $0.47, however, to $4.46, while the Brazil-China leg's rate fell to $10.54 from $11.84.

"The capesize market came to work on Monday, with little expectation, or confidence, that the days ahead were going to bring anything other than fallout from coronavirus," the index's weekly wrap-up report said.