Grains & Feed · Weekly Index History
Baltic Panamax Index
The latest Panamax Baltic Panamax Index assessment is 2448 index points for 5 September 2026, up 133 points from the previous weekly assessment (29 Aug 2026). Explore the historical price chart and recent weekly assessments below.
Latest Baltic Panamax Index Price
- Basis
- Panamax
- Unit
- index points
- Frequency
- Weekly
- CS code
- CS-IDX-BPI
What This Indicator Measures
Weekly reading of the Baltic Panamax Index (BPI), the Baltic Exchange composite for Panamax vessels; it carries a 30% weight in the BDI.
Baltic Dry Bulk Indices: Weekly readings of Baltic Exchange dry-bulk indices. The Baltic Dry Index is a composite of the Capesize (40%), Panamax (30%) and Supramax (30%) timecharter averages; Handysize has been excluded since 1 March 2018 and is published separately as BHSI.
Specification · stated by the source for this series
- Index points; route basket and multiplier as defined by the Baltic Exchange.
- Index points, not USD; each sub-index has its own route basket and multiplier as defined by the Baltic Exchange.
Basis: Panamax
- The Baltic basis refers to loadings from Baltic Sea ports (e.g. Klaipėda, Riga, Ust-Luga, Saint Petersburg); Russian and non-Russian Baltic origins are priced separately where stated.
Unit: index points
- Index points. Weekly snapshot from the loaded editions; the exchange publishes daily.
Baltic Panamax Index Price Chart
Available history 31 Jan 2026 through 5 Sep 2026 (32 observations). Monthly averages below use the midpoint of each published assessment.
Baltic Panamax Index
Computed Summary
Statements below are calculated by CommodityScope from the loaded history only. Each one names its period and method; none explains why a value moved.
The latest assessment of 2448 index points on 5 Sep 2026 is up 133 points (+5.7%) from the previous weekly assessment (29 Aug 2026).
Method: Computed by CommodityScope as the difference between the two most recent loaded weekly observations (7 calendar days apart).
It is 11.6% above the August 2026 average of 2194 index points, the most recent completed month with 5 weekly observations.
Method: Arithmetic mean of the published weekly midpoints in August 2026. Partial months are excluded from this comparison.
Over the loaded history (31 Jan 2026 – 5 Sep 2026), the highest assessment was 2521 index points on 16 May 2026 and the lowest was 1652 index points on 7 Feb 2026.
Method: Minimum and maximum of the published midpoint over the loaded history (31 Jan 2026 – 5 Sep 2026, 32 observations). This is not an all-time record.
Price Changes and Historical Range
Published changes are copied from the source edition. Computed changes are CommodityScope calculations between loaded weekly observations; the two are shown separately and may differ when an intermediate edition is not loaded.
Monthly Baltic Panamax Index Prices
Average, minimum and maximum of the weekly midpoints in each calendar month — these average weekly assessments, so a month typically has 4–5 observations. Incomplete latest months are marked month to date.
| Month | Average mid | Min mid | Max mid | Observations |
|---|---|---|---|---|
| September 2026Month to date | 2448 | 2448 | 2448 | 1 |
| August 2026 | 2194 | 2024 | 2315 | 5 |
| July 2026 | 2182 | 2024 | 2253 | 4 |
| June 2026 | 2181 | 2096 | 2283 | 4 |
| May 2026 | 2324 | 2002 | 2521 | 5 |
| April 2026 | 1894 | 1784 | 1975 | 4 |
| March 2026 | 1849 | 1756 | 1962 | 4 |
| February 2026 | 1802 | 1652 | 1942 | 4 |
| January 2026 | 1743 | 1743 | 1743 | 1 |
Recent Weekly Assessments
Last 30 published assessments. The chart above is interactive; this table is the HTML history.
| Date | Low | High | Mid | Δ week (published) |
|---|---|---|---|---|
| 2026-09-05 | 2448 | 2448 | 2448 | — |
| 2026-08-29 | 2315 | 2315 | 2315 | — |
| 2026-08-22 | 2103 | 2103 | 2103 | — |
| 2026-08-15 | 2228 | 2228 | 2228 | — |
| 2026-08-08 | 2298 | 2298 | 2298 | — |
| 2026-08-01 | 2024 | 2024 | 2024 | — |
| 2026-07-25 | 2024 | 2024 | 2024 | — |
| 2026-07-18 | 2248 | 2248 | 2248 | — |
| 2026-07-11 | 2253 | 2253 | 2253 | — |
| 2026-07-04 | 2203 | 2203 | 2203 | — |
| 2026-06-27 | 2110 | 2110 | 2110 | — |
| 2026-06-20 | 2096 | 2096 | 2096 | — |
| 2026-06-13 | 2283 | 2283 | 2283 | — |
| 2026-06-06 | 2236 | 2236 | 2236 | — |
| 2026-05-30 | 2343 | 2343 | 2343 | — |
| 2026-05-22 | 2521 | 2521 | 2521 | — |
| 2026-05-16 | 2521 | 2521 | 2521 | — |
| 2026-05-09 | 2233 | 2233 | 2233 | — |
| 2026-05-02 | 2002 | 2002 | 2002 | — |
| 2026-04-25 | 1960 | 1960 | 1960 | — |
| 2026-04-18 | 1975 | 1975 | 1975 | — |
| 2026-04-11 | 1855 | 1855 | 1855 | — |
| 2026-04-04 | 1784 | 1784 | 1784 | — |
| 2026-03-28 | 1756 | 1756 | 1756 | — |
| 2026-03-21 | 1838 | 1838 | 1838 | — |
| 2026-03-14 | 1838 | 1838 | 1838 | — |
| 2026-03-07 | 1962 | 1962 | 1962 | — |
| 2026-02-28 | 1942 | 1942 | 1942 | — |
| 2026-02-21 | 1838 | 1838 | 1838 | — |
| 2026-02-14 | 1777 | 1777 | 1777 | — |
What This Panamax Price Represents
This page tracks the weekly Baltic Panamax Index on a Panamax basis, quoted in index points. Figures are CommodityScope Indicators synthesized from loaded market editions. They are not a live quote and not a republication of a price-reporting agency table.
How to use this series
- Gauge dry-bulk freight direction alongside the grain and fertilizer voyage rates on this site.
What it is not suitable for
- Pricing a specific voyage: indices are timecharter composites.
Compare With
Each comparison states why the series are related and whether the latest values can be subtracted directly (same unit, currency and assessment date). Where they cannot, the values are shown side by side without a difference.
| Series | Why compare | Latest | Difference (this − other) |
|---|---|---|---|
| Baltic Dry Index (BDI) Global dry bulk · index points · weekly | Composite index this sub-index feeds (30%).
| 3628 5 Sep 2026 | not directly comparable |
| Baltic Supramax Index Supramax · index points · weekly | Supramax sub-index (30% of BDI).
| 1675 5 Sep 2026 | not directly comparable |
Related Baltic Panamax Index Prices
Sources and Methodology
CommodityScope publishes this page as a derived indicator from loaded physical-market editions. It does not republish a price-reporting agency table and does not claim authorship of the underlying source assessments. Update cadence follows the weekly series. Internal series code CS-IDX-BPI.
CS Indicator policy and derived-data rules.
Sources for the explanations on this page
- Baltic Exchange — index definitions
- Baltic Exchange — index definitions (BDI = 40% Capesize, 30% Panamax, 30% Supramax timecharter averages)
- Baltic Exchange press release (2018) — BDI re-weighted and Handysize removed from 1 March 2018
- ICC Incoterms® 2020 rules (FOB, CFR, CIF, FCA definitions) — Meaning of the delivery terms used in the basis column.
Origin of the numbers: loaded market editions (see Basis and Unit above). Origin of the computed statistics: CommodityScope, from the loaded history, using the rules on the methodology page.