# Dry bulk FFA market: November ends with a bang

> 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.

- Date: 2017-12-01 · published 2017-12-01T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/67659-dry-bulk-ffa-market-november-ends-with-a-bang
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/dry-bulk/dry-bulk-ffa-market-november-ends-with-a-bang

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