Loading…
The Baltic Dry Index rose 0.3% to 1,366 on December 24, its first annual gain in three years and its third straight weekly rise. Capesize rates climbed on higher iron ore shipments to China, which Intermodal says could exceed one billion tonnes this year.
Stronger dry bulk freight rates, driven by Chinese iron ore demand, raise the cost of moving grains and oilseeds by sea and reflect tight global shipping capacity.
gcaptain.comReutersDec 24, 2020Not 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.
