Baltic Dry (BDI) freight index goes down again after a jump. As per the auction data по BDI fell to the level of 4,000 points as of November 30, 2009.
It is worth highlighting the index has reached it maximum of 4661 points on November 19, 2009 after which it started to do down again.
It is necessary to mention the index reached its maximum (over 11700 points) in May, 2008 and its plummet started mid July the same year. BDI index was at its minimum of 663 points on December 5, 2008.
BDI is an index reflecting raw materials sea freight – metal, iron ore, coal and grain. The index comprises three other freight costs that differ in the vessels dimensions for which they are calculated - Capesize, Supramax and Panamax. BDI change dynamics enables investors and market participants analyze main tendencies of world demand and supply. The index is often referred to as the basic indicator of the future economic growth (if index grows) or recession (if it falls) as the raw materials on the basis of which the index is evaluated has low potential for speculative operations.
It is worth highlighting the index has reached it maximum of 4661 points on November 19, 2009 after which it started to do down again.
It is necessary to mention the index reached its maximum (over 11700 points) in May, 2008 and its plummet started mid July the same year. BDI index was at its minimum of 663 points on December 5, 2008.
BDI is an index reflecting raw materials sea freight – metal, iron ore, coal and grain. The index comprises three other freight costs that differ in the vessels dimensions for which they are calculated - Capesize, Supramax and Panamax. BDI change dynamics enables investors and market participants analyze main tendencies of world demand and supply. The index is often referred to as the basic indicator of the future economic growth (if index grows) or recession (if it falls) as the raw materials on the basis of which the index is evaluated has low potential for speculative operations.