南华干散货运输市场日报-20250724

Report Summary - The report focuses on the dry bulk shipping market on July 24, 2025, analyzing spot index, dry bulk shipping volume, port ship quantity, and the relationship between freight and commodity prices [1]. 1. Spot Index Review 1.1 BDI Freight Index Analysis - The increase of the BDI composite freight index narrowed, with the BPI and BSI freight indices falling, while the BCI freight index increase expanded. On July 23, the BDI composite freight index closed at 2120 points, up 11.23% week - on - week; the BCI freight index closed at 3339 points, up 26.38% week - on - week; the BPI freight index closed at 1905 points, down 3.15% week - on - week; the BSI freight index closed at 1313 points, down 0.15% week - on - week; the BHSI freight index closed at 682 points, up 2.71% week - on - week [1][3]. 1.2 FDI Far - East Dry Bulk Freight Index - On July 23, the FDI index rose across the board, but most routes in the Panamax ship rental market of the FDI rental index saw freight declines. The FDI composite freight index closed at 1307.33 points, up 1.96% month - on - month; the FDI rental index closed at 1589.97 points, up 2.11% month - on - month. Among them, the Capesize ship rental index closed at 1555.41 points, up 5.74% month - on - month; the Panamax ship rental index closed at 1712.7 points, down 0.28% month - on - month; the Handymax ship rental index closed at 1513.32 points, up 0.11% month - on - month; the FDI freight index closed at 1118.9 points, up 1.81% month - on - month [7]. 2. Dry Bulk Shipping Situation Tracking 2.1 Shipping Country Shipping Vessel Quantity - On July 24, among major agricultural product shipping countries, Brazil used 32 shipping vessels, Russia 7, Argentina 26, and Australia 6. Among major industrial product shipping countries, Australia used 50, Guinea 27, Indonesia 32, Russia 24, South Africa 21, Brazil 10, and the US 17 [15][16]. 2.2 Shipping Volume and Vessel Usage Analysis - In agricultural product shipping, corn used 19 vessels, wheat 23, soybeans 19, soybean meal 12, and sugar 4. In industrial product shipping, coal used 103 vessels, iron ore 67, and other dry goods 19. Agricultural product shipping required the most Post - Panamax vessels (38), followed by Supramax vessels (16) and Handysize vessels (20). Industrial product shipping required the most Capesize vessels (80), followed by Post - Panamax vessels (56) and Supramax vessels (55) [17]. 3. Main Port Ship Quantity Tracking - In the current week, the number of ships in Chinese, Indonesian, and South African ports increased month - on - month. From July 1 to July 23, the number of dry bulk ships in Chinese ports increased by 27, in Australian ports decreased by 15, in Indonesian ports increased by 2, and in Brazilian ports decreased by 5 [18]. 4. Relationship between Freight and Commodity Prices - On July 23, Brazilian soybeans were at $40/ton, and on July 24, the near - term shipping quote was 3938.83 yuan/ton. On July 22, the BCI C10_14 route freight was $22623/day, and on July 23, the iron ore CIF price was $118/kiloton. On July 22, the BPI P3A_03 route freight was $14362/day, and on July 23, the steam coal CIF price was 529.81 yuan/ton. On July 23, the Handysize ship freight index was 675.6 points, and on July 25, the 4 - meter radiata pine ACFR was $114/cubic meter [22].