# Baltic Dry Index Slides Further On Weak Capesize Demand

> The Baltic Dry Index fell 3.5% to 4,257 on Oct 25, its lowest in over a month, as capesize rates dropped 6.8%. Panamax rates edged up to their highest in over 11 years. Analysts said port congestion and market sentiment were supporting capesize rates despite soft Chinese coal and iron ore imports.

- Date: 2021-10-25 · published 2021-10-25T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/44769-baltic-dry-index-slides-further-on-weak-capesize-demand
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Mixed segment moves leave grain-relevant panamax freight near multi-year highs, so ocean freight costs for feed grains stay elevated. The capesize pullback suggests some easing in the broader freight market.

## Read by commodity

- OCEANFRT: neutral

## Sources

- gcaptain.com: https://gcaptain.com/baltic-dry-index-slides-further-on-weak-capesize-demand/

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