Baltic Exchange Dry Freight Index rose nearly nine-month high on Wednesday due to continued cargo sold to China.
But brokers said the selling of derivatives contracts as well as cargo ships to keep an over-supply on the index rose persistent doubts warming.
The overall index. BADI up 1.37% or 26 points to 1927 points for the fifth consecutive day for the last rise and the highest since December 20.
Australia and Brazil to China's coal and iron ore exports firmed up the index has been pushing Japan's coal imports have also been heating up, while the Tuesday before active trading freight derivatives contracts also boosted sentiment.
The index last month was 18 day losing streak, fell to their lowest level in more than three months, its trend is still unstable and still level a year earlier, down more than 35%.
Baltic Capesize index. BACI rose by 1.0% on Wednesday, average earnings rising to $ 28,826 per day for the highest level since Dec. 6. Capesize normal carrying capacity is 15 million tonnes of cargo, iron ore and coal.
Baltic Panamax freight index. BPNI rose 1.4 percent on average profit of $ 13,930. This type of ship's carrying capacity is usually the main goods for the 6-7 ten thousand tons of coal and grain.