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Capesize 5TC rose 8% from $7,780 to $8,411 between Monday and Wednesday, lifting the Baltic Dry Index to 948. Brokers cautioned that the physical market may lag the paper gains.
Rising capesize rates, driven by strong Chinese iron ore imports, can tighten bulk shipping availability and raise ocean freight costs for grain and meal exports.
seatrade-maritime.comMarcus HandJul 21, 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.
