A decline in the capesize market on Monday left the Baltic Dry Index (BDI) hovering just 10 points above a record low set last month. Capes retreated by over 7% today to haul the BDI down to just 508 points, within touching distance of the trough of 498 points set on 20 November. The capesize spot market at $6,300 per day on Monday, down 7.4% from Friday and below the $8,000 per day average for 2015. Chinese iron ore imports increased in November to 82 million tonnes but noted vessel tracking data suggested Brazilian exports had again reduced. Panamaxes and supramaxes were largely unmoved at $3,300 and $4,700 per day respectively. Chinese coal imports picked up to 12.6 million tons in November but the overall trend in the market remains negative.
