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Nov 3 (Reuters)– The Baltic Exchange’s major sea products index was up to a greater than four-month short on Tuesday as weak need from China dragged down vessel prices throughout all sectors.

* The Baltic completely dry index, which tracks prices for capesize, panamax and also supramax vessels, was down 21 factors, or 1.6%, at 1,263, its cheapest considering that mid-June

* The absence of need from China has actually taken out products prices from a duration of little motion seen in the 3rd quarter and also sent out costs to multi-month lows, claimed Peter Sand, the primary delivery expert at BIMCO.

* “It all hinges on demand from China,” he claimed, describing the need overview for vessels.

* The capesize index dropped 33 factors, or 1.7%, to 1,862.

* Average everyday profits for capesizes, which normally move 150,000-tonne freights such as iron ore and also coal, dropped $270 to $15,445.

* Iron ore pulled away after a five-day rally as port stocks of the steelmaking component reached their greatest considering that February.

* The panamax index was down 25 factors, or 2%, at 1,250, striking a three-month reduced.

* Average everyday profits for panamaxes, which typically lug coal or grain freights of regarding 60,000 to 70,000 tonnes, dropped $221 to $11,252.

* The supramax index reduced 11 indicate 932. (Reporting by Asha Sistla in Bengaluru; Editing by Ramakrishnan M., Aditya Soni)

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