The dry bulk market should perform better in 2023 as China signals the easing of a zero-Covid policy that has hampered imports of iron ore, coal and other dry commodities this year, market experts say.

The Communist government may relax its strict approach to the pandemic soon, as riots break out nationwide against a draconian policy that is harming the economy.

“As China opens up, we’ll probably see economic activity pick up and that means steel production likely to pick up again, coal demand coming back in,” C Transport Maritime senior analyst Lora Iakovidi said on Thursday during a dry bulk panel hosted by Breakwave Advisors.