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The Baltic Dry Index neared 1,740 in the week to August 24, 2018, supported by firmer freight derivatives. A softer physical Atlantic market and a Singapore holiday on August 22 limited the gains.
Capesize paper was range-bound, and the C5 route was the only firm area.
Dry bulk freight costs feed into landed grain and meal prices, so softer Atlantic capesize activity points to limited near-term support for ocean freight. Traders see the bull run as close to ending.
seatrade-maritime.comMarcus HandAug 24, 2018Not 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.
