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The Marex weekly review reports the Baltic Dry Index near 950 points in late July, with the capesize index down 9.8% on the week to $24,652 per day. Panamax and supramax indices closed near $15,400 and $15,100 per day, while handysize rates rose 1.5%.
Falling capesize earnings signal softer dry bulk freight demand, which lowers ocean transport costs for grain and oilseed cargoes.
new.marexmedia.comMarexJul 29, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
