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The Baltic Exchange's main sea freight index rose 5.2% to 1,351 points on a surge in capesize rates, its biggest daily gain since July. The panamax index edged lower by 0.9% to 1,119 points.
Stronger capesize rates mainly reflect iron ore and coal demand, so the grain impact is limited, though panamax softness slightly eases grain shipping costs.
scceu.orgDec 17, 2019Not 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.
