Baltic Dry Index


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Baltic Dry Index (BDI)

An index that tracks the price of transporting dry bulk cargo like cement, coal, iron ore, and grain on bulk freighters. As many of these commodities are raw materials that go into production of finished goods, the BDI is often taken to be an indicator of economic growth and production. The index is maintained by the London-based Baltic Exchange.
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The stronger Baltic Dry Index, coupled with increased activity and capacity utilisation at Essar Steel, has also made a positive impact on our toplines.
The Baltic Dry Index (BDI), which tracks the cost of transporting dry commodities such as coal, iron ore and grain across 20 shipping routes, dropped on Wednesday to 509 points, its lowest level since the creation of the index in 1985.
As a sign of the malaise, the Baltic Dry Index, a measure of commodity shipping rates, plumbed a low of 647 on February 3, a level not seen for 25 years.
The Baltic Dry Index (BDI), a key barometer which tracks the cost of renting ships to move goods such as coal, iron ore and grain across the oceans, tumbled last Friday to 647 points - the lowest level since August 1986.
With the Baltic Dry Index revisiting its twoyear lows, Uralkali's decision to move to Cost and Freight (CFR) pricing could not have been better.
The Baltic Dry index is seen to drop to around 2,500 points in the next three months, and to 2,000 in the next 12 months.
After declining steadily since early June, the Baltic Dry Index started on a steep journey up end September and reached its highest level in 2009.
6 percent respectively after a rise in the Baltic Dry Index, a key freight indicator.
Baltic Dry Index THE Baltic Dry Index tracks worldwide international shipping prices of various dry bulk cargoes, and an increase in the BDI is regarded by many as an important indicator of an improving global economy.
This conclusion is also confirmed by the volatile Baltic Dry Index, which is a freight-rate benchmark for shipping dry commodities like building materials, grains, coal and iron ore.
The Baltic Dry Index, which measure freight rates for dry commodities, fell 96% in the final quarter of 2008.
The Baltic Dry Index, which measures shipments of raw materials like steel and iron ore, has dipped 94% since June, indicating that demand and trade is grinding to a halt.

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