Dry bulk shipping index (BDI) fell again on Tuesday, falling to its lowest point since early June, dragged down by a decline in demand for capes and Panamax ships.
Take into account the freight rates of capes, Panamax and super flexible ships. The overall index of fell 168 points to 2,591 points, a decrease of 6.1% . This is the fourth consecutive day of decline in the overall index, the lowest since June 9.
capesize index fell 9.8% , falling to 3,383 points, the lowest in more than a week. Cape-type ship average -day revenue fell by $3,054 to just $28,059 . This type of ship cargo capacity is generally around 150,000 tons, and it usually transports cargo such as iron ore and coal.
China coking coal futures fell more than 9% on Tuesday, falling for the third consecutive trading day due to increased coal supply and lukewarm demand.
Some industry insiders said that due to the recent "halving" of thermal coal prices, Chinese coal traders may try to postpone imports. Some traders estimate that delayed shipments may lead to a 10%-30% reduction in November imports compared with the recent average.
Financial data supplier Refinitiv Eikon predicts that html China's coal arrivals in November were 16.3 million tons, a decrease of 26% from October .
Panamax ship index fell 6.1% to 2,675 points, a new low in more than six months. Panamax ship average -day revenue fell $1,575 to $24,072 . This type of ship cargo capacity is generally 60,000-70,000 tons, and it usually transports cargo such as coal or grain.
and the super-sensitivity index rose slightly by 4 points to 2,263 points.
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