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The Baltic Dry Index fell 1.6% to 1,263 on November 3, its lowest since mid-June, as weak Chinese demand pushed down rates across capesize, panamax and supramax segments. Panamax earnings fell to $11,252 per day.
Soft Chinese import demand reduces freight demand for grain and coal cargoes, pressuring ocean freight rates and signaling softer bulk commodity buying from China.
gcaptain.comReutersNov 3, 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.
