# Capesize Rally Helps Baltic Dry Index to Best Day in Over a Month

> 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.

- Date: 2022-09-01 · published 2022-09-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/39489-capesize-rally-helps-baltic-dry-index-to-best-day-in-over-a-month
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- gcaptain.com: https://gcaptain.com/capesize-rally-helps-baltic-dry-index-to-best-day-in-over-a-month/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.