The BDI Index Continued To Rebound Last Week

Driven by the strong demand for Panamax ships, the BDI index continued to rebound last week
On August 4, the Baltic Dry Index (BDI) rose 8 points to 1136 points, a daily increase of 0.7% and a weekly increase of 2.3%. Among them, the Baltic Capesize bulk carrier index (BCI) rose 15 points to 1818 points, a daily increase of 0.8%, but fell 0.7% on a weekly basis. The average daily profit of Capesize ships increased by US$124 to US$15,080
On the same day, the Baltic Panamax Bulk Carrier Index (BPI) rose 21 points to 1133 points, with a daily increase of 1.9% and a weekly increase of 16.2%. In terms of gains, the average daily profit of Panamax ships increased by US$190 to US$10,200. The Baltic Supramax Index (BSI) fell 7 points to 688
Analysts pointed out that the dry bulk shipping market has shown a stable trend in the past week. Due to the improvement in demand, the market sentiment has warmed up, and the typhoon has affected the turnover of shipping capacity. The BDI index rose to 1150 points last Tuesday (August 2), which is The highest level since June 27; although the BDI index turned down last Wednesday, it stopped falling and rebounded last Thursday and last Friday.
Among them, in the capesize ship market, due to the incomplete release of demand during the price reduction process of miners in the early stage, as major Australian miners are inquiring about chartering ships, iron ore pallets gradually increase, which promotes the capesize ship shipping more iron ore Shipping prices rebounded. In the small and medium-sized ship market, despite the lack of enthusiasm for imported coal at the beginning of last week, as the demand for coal transportation in East Australia increased and the supply of capacity in the spot market was slightly tight, the Panamax and Supramax ships for transporting coal and grain Shipping rates were mixed.