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

Published: Sep 23, 2015 09:08

Save

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.

base metals

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 for 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

2 hours ago

Copper Prices Drop: SMM Enterprises Restock Raw Materials, Finished Product Inventories Decline

On the inventory side of SMM copper wire and cable enterprises this week, companies restocked raw materials on dips, primarily by first locking in prices and then picking up goods as needed, without large-scale stockpiling, sending raw material inventories up 2.71% WoW. When copper prices initially fell, downstream customers concentrated on cargo pick-up, driving destocking of finished product inventories. The market then held a wait-and-see stance, and finished product inventories fell 1.86% WoW.

2 hours ago

Copper Wire and Cable SMM Operating Rate Rises to 70.38%, Orders Stabilize Amid Price Declines

The SMM operating rate of copper wire and cable enterprises recorded 70.38% this week, up 1.11 percentage points WoW and up 0.2 percentage points YoY. The decline in copper prices during the week slightly stimulated new orders, but end-users generally waited for lower purchase prices, with strong wait-and-see sentiment, limiting the boost from price declines on orders.

2 hours ago

6 hours ago

Bensteel Machinery Company (Hengtai) Double Groove Hook Copper Wire Procurement Tender Announcement

6 hours ago