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Reuters reports that the Baltic Exchange's main dry-bulk index rose 3.8% on September 1, its best day in about six weeks. The capesize sub-index jumped 55% to 469 points, its strongest day since June 2020.
The supramax index fell to its lowest level in more than 18 months.
Stronger capesize rates reflect firm iron ore and coal demand, while weak supramax rates signal softer demand for smaller grain-carrying ships. Freight costs for grain are therefore mixed across vessel sizes.
gcaptain.comReutersSep 1, 2022Not 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.
