China Dry Cargo Signals: September 2026

The Affinity China Dry Index for September 2026 stands at 117.6, reflecting an 18 per cent improvement since January 2022 but a 3 per cent decline from the previous month, driven by reduced imports and weak consumer confidence. Although steel production faced headwinds, the index was supported by rising housing prices and declining iron ore and coal stocks, suggesting a diversifying market amid ongoing recovery challenges. Geopolitical factors, including China's industrial advancements and fluctuating import dynamics, particularly in iron ore and coal, remain crucial in shaping future demand and supply forecasts.