# Baltic Dry Index Hits Over 4-Month Low on Weak China Demand

> 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.

- Date: 2020-11-03 · published 2020-11-03T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/50354-baltic-dry-index-hits-over-4-month-low-on-weak-china-demand
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Soft Chinese import demand reduces freight demand for grain and coal cargoes, pressuring ocean freight rates and signaling softer bulk commodity buying from China.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- gcaptain.com: https://gcaptain.com/baltic-dry-index-hits-over-4-month-low-on-weak-china-demand/

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