Loading…
The Baltic Dry Index hit a three-year high of 1,588 on the prior Tuesday, driven by a rally in industrial commodities and base metals. Iron ore stayed above $60 per mt, though its outlook was mixed.
Capesize rates then faltered later in the week as the index retraced.
Higher dry bulk freight rates raise the cost of moving grain and feed ingredients by sea, which can narrow import margins for feed buyers. The rally is tied to China's growth targets and the seasonal year-end shipping rush.
seatrade-maritime.comMarcus HandOct 30, 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.
