南华干散货运输市场日报-20250722

Report Industry Investment Rating - No relevant content provided. Core Viewpoints of the Report - The increase of the BDI comprehensive freight index and sub - vessel type freight indices narrowed during the week, with the BPI freight index declining. The decrease in soybean shipment volume and a significant increase in soybean meal shipment volume were observed. In the shipment of industrial products, the demand for shipping bauxite and other dry goods was relatively large, which boosted the demand for Capesize and Handysize vessels and supported the rise of the BCI and BHSI freight indices [1]. Summary According to the Table of Contents 1. Spot Index Review 1.1 BDI Freight Index Analysis - On July 21, compared with the previous week, the increase of the BDI comprehensive freight index narrowed, and the BPI freight index declined. Specifically, the BDI comprehensive freight index closed at 2016 points, up 13.07% week - on - week; the BCI freight index closed at 2981 points, up 25.94% week - on - week; the BPI freight index closed at 1915 points, down 1.74% week - on - week; the BSI freight index closed at 1346 points, up 8.2% week - on - week; the BHSI freight index closed at 675 points, up 4.01% week - on - week [4]. 1.2 FDI Far - East Dry Bulk Freight Index - On July 21, the FDI index declined slightly across the board, and the increase of freight rates on most routes in the FDI rent index narrowed. The FDI comprehensive freight index closed at 1279.38 points, down 0.07% month - on - month; the FDI rent index closed at 1549.66 points, down 0.06% month - on - month. Among them, the Capesize vessel rent index closed at 1457.77 points, down 0.7% month - on - month; the Panamax vessel rent index closed at 1715.71 points, up 0.45% month - on - month; the Supramax vessel rent index closed at 1506.13 points, up 0.18% month - on - month; the FDI freight index closed at 1099.2 points, down 0.07% month - on - month [8]. 2. Dry Bulk Shipment Situation Tracking 2.1 Number of Vessels Used for Shipment in Sending Countries on the Day - On July 22, among the major agricultural product sending countries, Brazil used 39 vessels for shipment, Russia used 8 vessels, Argentina used 20 vessels, and Australia used 1 vessel. Among the major industrial product sending countries, Australia used 55 vessels, Guinea used 26 vessels, Indonesia used 24 vessels, Russia used 23 vessels, South Africa used 21 vessels, Brazil used 12 vessels, and the United States used 15 vessels [16][17]. 2.2 Shipment Volume and Vessel - Usage Analysis on the Day - In terms of agricultural product shipments, 19 vessels were used for corn shipment, 9 for wheat, 21 for soybeans, 10 for soybean meal, and 7 for sugar. In terms of industrial product shipments, 102 vessels were used for coal, 66 for iron ore, and 17 for other dry goods. By vessel type, the shipment of agricultural products required the most Post - Panamax vessels (35), followed by Supramax vessels (13) and Handysize vessels (11). The shipment of industrial products required the most Capesize vessels (81), followed by Post - Panamax vessels (56) and Supramax vessels (40) [18]. 3. Tracking of the Number of Vessels at Major Ports - During the week, the number of vessels at ports in Indonesia and South Africa increased month - on - month. From July 1 to July 21, after adjustment, "three ports decreased, and two ports increased." The number of dry - bulk vessels docked at Chinese ports decreased significantly by 37 month - on - month, the number of vessels docked at six Australian ports decreased by 13 month - on - month; the number of vessels at one South African port and six Indonesian ports increased by 1/2 month - on - month; the number of vessels at five Brazilian ports decreased by 4 month - on - month [18][19]. 4. Relationship between Freight and Commodity Prices - On July 21, Brazilian soybeans were priced at $40 per ton, and the near - term shipping quote for Brazilian soybeans was 3956.71 yuan per ton. On July 18, the latest quote for the BCI C10_14 route freight was $22,732 per day, and on July 21, the latest quote for the iron ore CIF price was $116.45 per thousand tons. On July 18, the latest quote for the BPI P3A_03 route freight was $14,636 per day, and on July 21, the latest quote for the steam coal CIF price was 530.54 yuan per ton. On July 18, the Handysize vessel freight index was quoted at 662.4 points, and on July 21, the ACFR quote for 4 - meter radiata pine was $114 per cubic meter [23].