【国海证券：供需改善干散货行业上行 运价中枢有望维持高位】国海证券发布研报称，铁矿石、煤炭和粮食在全球干散货贸易周转量中长期占据核心地位。短中长期煤炭、粮食、铁矿、钢材及水泥等多货种支撑需求上行。未来老船退出对冲新船交付，有效运力增量有限。2026年以来，BDI呈现“5月冲高、6月回调、7月修复、8月走高”的走势。考虑到长航距货源释放带动吨海里需求增长，叠加供给受限，该行认为散运运价中枢有望上行，维持航运港口板块“推荐”评级。
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