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The Baltic Dry Index climbed to 1,536 points in late November 2017, close to its late-October peak of 1,588. Capesize 5-year time charter averaged $24,193 a day, driven by Pacific fixtures and Chinese steel demand.
A strong dry-bulk rally raises the cost of shipping grains and oilseeds on Panamax and Supramax vessels, which tightens export economics for feed ingredients. The move is driven mainly by iron ore and coal, so grain-specific price impact is modest.
seatrade-maritime.comMarcus HandDec 1, 2017Not 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.
