Stockopedia Stock Page For Baltic Dry

The Baltic Dry Index: Chinese Iron Ore Purchases No Longer the Only Driver

Bryan Banish — Mon, 23 Nov 2009 14:33:50 +0000

Bryan Banish published:
In the two months since I discussed the Baltic Dry Index (BDI), the index has rebounded strongly including having set new 12 month highs in the past week. Through much of 2009, the story of the Baltic Dry Index has been one of Chinese iron ore purchases. Recently, in a positive sign for the real economy, other factors are starting to play a role. As we will see below these Chinese purchases have not abated and remain a key factor. To that factor,...

Baltic Dry Index (BDI): What does the data mean?

Bryan Banish — Mon, 28 Sep 2009 19:23:54 +0100

Bryan Banish published:
Last Friday, the Baltic Dry Index ended the week on an up note at 2,183, finally. It was the first up day in 10 sessions. In fact, the 7.3% decline for the week was the ninth weekly drop in ten weeks. In the last three months, while global equity markets have rallied on increasing expectations of global recovery, the Baltic Dry Index (BDI) has quietly, steadily declined. Since its peak this year on June 3, 2009 at 4,291, it has declined 49%. The Samp;P 500 Index in the United States,...