Baltic Dry Index lost 1% last week

13.10.2017

Last week, Baltic Dry Index lost 9 points or 0.65%, reaching 1382 points. Insignificant changes in BDI were caused by fluctuations in the large-tonnage transportation sector. Supramax Index fell by 7.3% after the first signs of market conditions worsening last week.

With the beginning of holidays in China, trading activity in the Capesize market declined temporarily, but then began to recover. However, according to brokers, after the end of the holiday weekend in China, Capesize Index should receive an additional stimulus to growth with an increasing demand for thermal coal deliveries due to the start of a new heating season, reports UkrAgroConsult.

After the reduction of Panamax Index by more than 7% a week before, the index turned upwards. In the South Atlantic, the limited supply of grain cargo put pressure on rates. At the end of the week, brokers reported an increase in the number of requests for the supply of South American grain in the second half of October.

 

UkrAgroConsult

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