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The Baltic Dry Index rose from 884 to 929 points during the week of June 26-30, 2017, breaking 900. Capesize rates jumped about 17% in two days on iron ore and coal buying, and panamax rates edged higher despite reports of a proposed coal import ban at second-tier Chinese ports.
Stronger Chinese buying of raw materials lifts freight costs for bulk grain and meal cargoes, while the proposed Chinese port restrictions add uncertainty to panamax demand.
seatrade-maritime.comMarcus HandJun 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.
