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 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

26 mins ago

Southern Copper Maintains Plan to Commission Peru's Tia Maria Project by the End of 2027

26 mins ago

32 mins ago

Ecuador Signs $1.7B Copper Deal with China’s CMOC

Ecuador signed a $1.7 billion mining deal with CMOC Group to develop the Los Cangrejos copper project, highlighting continued Chinese investment in Latin American copper supply.

32 mins ago

33 mins ago

Africa Finance Corporation Funds Construction of Zambia Copper Mine Railway; Overnight LME Copper and SHFE Copper Both Closed Lower [SMM Copper Morning Meeting Minutes]

SMM Morning Meeting Summary: Overnight, LME copper opened at $13,316.5/mt, touching a high of $13,329/mt early in the session. Copper prices then saw their center gradually shift lower, dipping to $13,193/mt, before fluctuating upward to ultimately close at $13,226.5/mt, down 0.47%. Trading volume reached 15,500 lots, and open interest reached 278,700 lots, an increase of 1,326 lots from the previous trading day, indicating bears adding positions. Overnight, the most-traded SHFE copper 2606 contract opened at 102,540 yuan/mt, touching a high of 102,660 yuan/mt early in the session, then fluctuated downward to a low of 102,050 yuan/mt, before experiencing wild swings to ultimately close at 102,280 yuan/mt, down 0.64%. Trading volume reached 35,000 lots, and open interest reached 208,000 lots, a decrease of 4,047 lots from the previous trading day, indicating bulls reducing positions.

33 mins ago