HK Stock Movement | PACIFIC BASIN (02343) Rises Over 5% Again as BDI Hits Near Two-Year High; Dry Bulk Shipping Sector Nears Turning Point

Stock News12-04

PACIFIC BASIN (02343) surged over 5% again, reaching a 4.17% increase at the time of writing, trading at HK$2.75 with a turnover of HK$39.83 million. On December 3, the Baltic Dry Index (BDI) rose to 2,845 points, marking its highest level since December 6, 2023. The index climbed 9.42% from the previous session, recording its largest single-day gain since October 13, 2025, and extended its rally for the 15th consecutive day, accumulating a 46% increase over the past month.

Changjiang Securities noted in a research report that the dry bulk shipping industry is approaching a turning point, poised for growth next year. With limited supply-side expansion, demand-side catalysts include three key factors: the Simandou iron ore project reshaping global iron ore trade flows, potential Fed rate cuts boosting commodity trade activity, and long-term infrastructure demand driven by post-war reconstruction in Ukraine and hydropower projects in Yaxing.

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