# Baltic Index Declines On Weak Capesize Demand

> The Baltic Exchange's main sea freight index fell for a sixth straight day to 1,395 points on November 6, 2018, its lowest since September 19. The capesize index slid 4.2% to 2,296 points on waning demand, while panamax rose slightly in earnings.

- Date: 2018-11-06 · published 2018-11-06T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/62229-baltic-index-declines-on-weak-capesize-demand
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Falling capesize rates reflect softer dry-bulk demand, which lowers shipping costs for bulk feed ingredients but signals weaker trade volumes. The effect on feed grain prices is modest.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- marinelink.com: https://www.marinelink.com/news/baltic-index-declines-weak-capesize-443554

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