# Baltic index rises as panamaxes mark best day in over 3 months - Supply Chain Council of European Union | Scceu.org

> 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.

- Date: 2019-11-28 · published 2019-11-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/56289-baltic-index-rises-as-panamaxes-mark-best-day-in-over-3-months-supply-chain
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- scceu.org: https://scceu.org/baltic-index-rises-as-panamaxes-mark-best-day-in-over-3-months/

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