China Dry Cargo Signals: January 2026

The Affinity China Dry Index value for November is 115, suggesting that the Chinese dry bulk market is 15 per cent better off than the level it was in January 2022. This was, also, a 1 per cent improvement from the previous month’s levels, as higher imports, consumer confidence and manufacturing PMI supported levels. Declining dry exports and rising coal and iron ore inventories had a negative bearing on the index. November’s value, however, was above last year’s value and above the three-year average