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The Baltic dry bulk index ended a 10-session winning streak as capesize and panamax rates fell. The overall index dropped 2.3% to 3,343, and the panamax index fell to 3,145.
Lower panamax rates reduce the cost of shipping grain and coal, which modestly eases landed costs for feed importers, though iron-ore demand uncertainty limits the decline.
marinelink.comDec 9, 2021Not 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.
