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Surging Chinese imports of metals, grain and other commodities have boosted bulk shipping. Daily capesize rates jumped to an 18-month high of around $35,000, and the Baltic Dry Index reached a 10-year high of 2,808 on Monday.
Strong Chinese import demand is tightening vessel availability and raising freight costs, which feeds through to higher delivered grain and feed ingredient prices.
wsj.comCostas ParisApr 27, 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.
