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The Baltic Dry Index has slipped to about 1,000 points from 1,100 last month, tracking a weaker April China PMI and lower iron ore and coal imports. Capesize FFA rates briefly rose on the week before a mixed panamax and supramax picture.
Softer Chinese bulk demand points to lower ocean freight for grain and oilseed cargoes, although seasonal patterns may still bring a later pickup.
seatrade-maritime.comLee Hong LiangMay 12, 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.
