DRY BULK MARKET

摘要

While the Baltic Exchange Dry Index may be lagging year-ago levels and, at 1,506 points, is currently 450 points short of its early July peak, the past two weeks have seen upward movement return. Moreover, at close of business on 10 August FFA contracts for September every size range were trading in contango to the physical spot levels. Customs data confirmed that China's combined imports of coal, iron ore and soyabeans moved to a fresh monthly all-time high in July, underscoring the vital role played by the country in supporting the freight market during the coronavirus pandemic.