DRY BULK MARKET · DAILY REPORT · 2026-09-28

干散货市场日报Dry Bulk Market Daily

Name: 干散货市场日报 2026-09-28
Creator: NAVGreen

Baltic Exchange Daily Briefing — 2026-09-28

BDI ↓4.6%

2026-09-28 BDI 3268（-4.6%）；BCI 5351、BPI 2402、BSI 1790、BHSI 1012。下方为各船型 TCE、主要航线运费、5 日走势与市场解读。On 2026-09-28, the Baltic Dry Index closed with BDI at 3268 (-4.6%). By segment: Capesize (BCI) at 5351 (-7.5%), Panamax (BPI) at 2402 (-0.2%), Supramax (BSI) at 1790 (+0.2%), Handysize (BHSI) at 1012 (+0.1%). Daily route rates (TCE and spot) and the week-over-week trend are tabulated below, followed by the market commentary and per-shiptype outlook.

市场指数概览Market Indices

BDI 综合BDI Composite

3268

-4.6% (-158.0)

BCI 海岬型BCI Capesize

5351

-7.5% (-433.0)

BPI 巴拿马型BPI Panamax

2402

-0.2% (-5.0)

BSI 灵便型BSI Supramax

1790

+0.2% (+4.0)

BHSI 小灵便BHSI Handysize

1012

+0.1% (+1.0)

期租 TCE ($/天)Time-Charter TCE ($/day)

航线Route	运费Rate	涨跌Chg
5TC 平均 (Cape综合) 海岬型综合期租	$48,527/天	-7.5%
C8 跨大西洋往返鹿特丹/直布罗陀 round	$61,150/天	-2.8%
C9 大陆→远东单程至中国/日本	$89,889/天	-1.8%
C10 太平洋往返中国/日本 round	$38,991/天	-15.0%
C14 中国→巴西往返 China-Brazil round	$47,136/天	-7.0%
C16 远东→大陆回程 backhaul	$21,500/天	-5.8%
P5TC Panamax综合巴拿马型综合期租	$21,620/天	-0.2%
P4TC Panamax综合	$21,620/天	-0.2%
P5 航线 (82K)	$19,286/天	-0.1%
S3TC 63K综合灵便型综合期租	$21,093/天	+0.2%
S10TC Supramax综合	$22,620/天	+0.2%
S2 航线	$21,188/天	+0.2%
S8 航线	$25,486/天	+0.2%
S10 航线	$16,563/天	+0.1%
HS7TC Handysize综合小灵便型综合期租	$18,208/天	+0.1%

现货运价 ($/吨)Spot ($/t)

航线Route	运价Rate	涨跌Chg
C2 图巴朗→鹿特丹铁矿石大西洋线	$19.1/吨	-3.8%
C3 图巴朗→青岛铁矿石巴西→中国	$40.7/吨	-4.1%
C5 西澳→青岛铁矿石太平洋线	$14.3/吨	-8.3%
C7 玻利瓦尔→鹿特丹煤炭航线	$24.1/吨	-2.3%
C17 萨尔达尼亚→青岛铁矿石南非→中国	$30.4/吨	-2.8%

近 5 日走势5-Day Trend

日期Date	BDI	BCI	BPI
2026-09-28	3268	5351	2402
2026-09-25	3426	5784	2407
2026-09-24	3473	5939	2382
2026-09-23	3430	5861	2333
2026-09-22	3432	5892	2299

周环比Week-over-Week

指数Index	5 日变化5-day
BDI	-4.8%
BCI	-9.2%
BPI	+4.5%
BSI	+0.8%
BHSI	+1.5%

今日市场驱动因素Market Drivers

利空 · CapesizeC5 西澳→青岛今日 -8.3%，海岬型市场走弱（BCI -7.5%，收于 5351 点）。大西洋线显著强于太平洋线（C3 -4.1% vs C5 -8.3%），关注巴西发货量及中国补库需求。 BCI 近 5 日累计 -9.2%，短期弱势持续。

分歧 · 大小船分化小船强、大船弱——船型走势出现分化。Capesize -7.5%，Supramax +0.2% / Handysize +0.1%。次要散货需求回暖带动小型船运费上行，大宗货物需求相对平稳。

利空 · PanamaxBPI 今日 -0.2%，近 5 日 +4.5%。2026 年新船交付压力显著高于往年（约 1,500–1,600 万 DWT，较往年翻近 50%），供给端持续偏松；需求侧重点关注煤炭与粮食贸易量变化，以及太平洋地区租家询盘动向。

市场资讯Baltic dry bulk freight index drops to near four-week low。The Baltic Exchange’s dry bulk freight index fell to its lowest level in nearly four weeks on Monday as rates declined across larger vessel categories. The main Baltic index, which monitors rates for

市场资讯Dry Bulk Market: China’s Iron Ore Demand Could Fall In the Coming Weeks。While short-term Chinese iron ore demand has proved to be strong, things could turn sour after the country’s return from the upcoming public holidays. In its latest weekly report, shipbroker Intermoda

Market DriversCapesize (BCI) -7.5%, Panamax (BPI) -0.2%. Smaller sizes Supramax +0.2% / Handysize +0.1%. Movements are driven by iron-ore and coal tonne-mile demand against vessel supply, port congestion and bunker costs; see the per-shiptype outlook below.

分船型市场观点By Shiptype

BCI 今日 -7.5%，近 5 日 -9.2%。关注中国铁矿石到港量及钢厂开工率变化。

BPI 今日 -0.2%，近 5 日 +4.5%。2026 年新船交付压力显著高于往年，供给端偏松；关注煤炭和粮食贸易量变化。

BSI +0.2%，BHSI +0.1%。次要散货需求受贸易政策不确定性压制，转机在于 Q2 南半球粮食出口旺季启动。

CAPESIZE

5351.0 (-7.5%)

Daily change -7.5%; assess fixtures against the forward curve.

PANAMAX

2402.0 (-0.2%)

Daily change -0.2%; assess fixtures against the forward curve.

SUPRAMAX / HANDYSIZE

1790.0 (+0.2%)

Daily change +0.2%; assess fixtures against the forward curve.

船用燃油 · Bunker Fuel (USD/t)

品种	均价
IFO380	$757.6
VLSFO	$934.9
MGO	$None