President Trump and Vale have contributed to a sharp downturn in the capesize futures market.
Capesize FFA contracts for May were assessed 15% lower at $9,875 per day on Tuesday, compared to the previous week's assessment on 29 April.
June contracts took an 11% hit and were assessed at $11,625 daily, while July contracts were assessed 10% lower at $12,350 per day.
