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The Baltic Exchange's main sea freight index rose 1.9% to 1,467 points on November 28, its highest since November 6. The panamax index posted its biggest one-day gain since mid-August, helped by improved shipping activity and Chinese stimulus plans.
A firmer panamax index raises the cost of moving grain and coal cargoes, which can narrow export margins for origin-to-Asia feed grain trade. The move is a single-day bounce rather than a sustained trend.
scceu.orgNov 28, 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.
