Main sea freight index at Baltic Exchange rises further to 978 points

Published: Sep 23, 2015 09:08
The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities rose further on Monday due to strong capesize and panamax rates.

UNITED KINGDOM September 22 2015 2:54 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities rose further on Monday due to strong capesize and panamax rates.

The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, up by another 18 points to 978 points on Monday.

The main sea freight index at Baltic Exchange is the rate which tracks for ships carrying dry bulk commodities.


Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Slightly Widening Price Spread Between Futures Contracts Bolstered Efforts to Hold Prices Firm, Spot Copper Discounts on SHFE Copper Moved Sideways [SMM Shanghai Spot Copper]
37 mins ago
Slightly Widening Price Spread Between Futures Contracts Bolstered Efforts to Hold Prices Firm, Spot Copper Discounts on SHFE Copper Moved Sideways [SMM Shanghai Spot Copper]
Read More
Slightly Widening Price Spread Between Futures Contracts Bolstered Efforts to Hold Prices Firm, Spot Copper Discounts on SHFE Copper Moved Sideways [SMM Shanghai Spot Copper]
Slightly Widening Price Spread Between Futures Contracts Bolstered Efforts to Hold Prices Firm, Spot Copper Discounts on SHFE Copper Moved Sideways [SMM Shanghai Spot Copper]
[SMM Shanghai Spot Copper] Looking ahead to tomorrow, the Contango price spread between nearby contracts is expected to widen slightly, and suppliers' willingness to hold prices firm is expected to strengthen. During the day, downstream enterprises countered some standard-quality copper at a discount of 120 yuan/mt, but suppliers held prices firm and held back from selling, and the discount did not widen significantly. Demand side, affected by high copper prices, end-users' cargo pick-up pace slowed down, finished product inventories at some processing enterprises rose, and procurement volumes declined. Overall, given weak demand, Shanghai spot copper premiums against the 06 contract are expected to remain at a discount tomorrow.
37 mins ago
Copper Prices Stop Falling and Rebound, Spot Premiums Weaken [SMM North China Spot Copper]
47 mins ago
Copper Prices Stop Falling and Rebound, Spot Premiums Weaken [SMM North China Spot Copper]
Read More
Copper Prices Stop Falling and Rebound, Spot Premiums Weaken [SMM North China Spot Copper]
Copper Prices Stop Falling and Rebound, Spot Premiums Weaken [SMM North China Spot Copper]
Today, #1 copper cathode spot prices in North China against the front-month contract were reported at an average discount of 300 yuan/mt to a discount of 220 yuan/mt, with the average discount of 260 yuan/mt down 10 yuan/mt from the previous trading day. The average transaction price was 104,785 yuan/mt, up 1,690 yuan/mt from the previous trading day.
47 mins ago
Copper Prices and Inventory Both Rise, End-User Restocking Desire Remains Sluggish [SMM South China Spot Copper]
55 mins ago
Copper Prices and Inventory Both Rise, End-User Restocking Desire Remains Sluggish [SMM South China Spot Copper]
Read More
Copper Prices and Inventory Both Rise, End-User Restocking Desire Remains Sluggish [SMM South China Spot Copper]
Copper Prices and Inventory Both Rise, End-User Restocking Desire Remains Sluggish [SMM South China Spot Copper]
55 mins ago
Main sea freight index at Baltic Exchange rises further to 978 points - Shanghai Metals Market (SMM)