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Baltic index rises on higher capesize demand

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Sept 14 (Reuters) - The Baltic Exchange's main sea freight index rose on Monday, snapping a 12-day long losing streak, buoyed by stronger rates for capesize vessels.

* The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up 15 points, or 1.2%, at 1,282.

* The capesize index rose 59 points, or 3.2%, to 1,898.

* Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $489 at $15,737.

* Dalian iron ore futures rose on Monday snapping a four-session losing streak on strong demand outlook for the steelmaking ingredient in China

* Iron ore stockpiles at Chinese ports had jumped to 118.95 million tonnes as of Sept. 11, the highest level since April 10, SteelHome consultancy data showed.

* The panamax index was down 13 points, or 0.99 %, at 1,300.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, fell $113 to $11,704.

* Among smaller vessels, the supramax index slipped three points to 914, while the handysize index fell two points to 558. (Reporting by Arundhati Sarkar in Bengaluru; Editing by Vinay Dwivedi)