# Higher rates for smaller vessels lift Baltic index | Dry Bulk

> The Baltic index rose 9 points to 506, extending a 13-session run of gains, as the Panamax index climbed 3% to 811, its highest since January 21. Supramax rose to 543 while capesize fell 13 points to -239. Stockpiles at China's ports fell to 128.6 million tonnes as of February 21 from 130.65 million a week earlier.

- Date: 2020-02-26 · published 2020-02-26T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/54786-higher-rates-for-smaller-vessels-lift-baltic-index-dry-bulk
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Stronger panamax and supramax rates, the vessel classes that carry grain, raise the cost of moving grain and feed ingredients by sea. Falling Chinese port stockpiles point to weaker import demand, which limits how far freight can rise.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- drybulkmagazine.com: https://www.drybulkmagazine.com/shipping/26022020/higher-rates-for-smaller-vessels-lift-baltic-index/

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