Main sea freight index at Baltic Exchange declines further 656 points

Published: Aug 2, 2016 09:01

Save

The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities declined further of Friday as cape, panamax and supramax rates continued to drop.

UNITED KINGDOM August 01 2016 3:35 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities declined further of Friday as cape, panamax and supramax rates continued to drop.

The Baltic Dry Index, which provides an assessment of the price of moving the major raw materials – such as coal, iron ore and grain – by sea by taking in 23 shipping routes measured on a time charter basis, down by another 09 points to 656 points on Friday.

In early summer the BDI was steady around 600 points but then it embarked upon a steep, and unexpected rally that pushed it well above 700 points. This surge just lost its support, and the BDI has been declining.

The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on February 10 2016, when the index plummeted to 290 points.

raw materials base metals

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Mar 27, 2026 15:59

Bullish and Bearish Factors Intertwined as SHFE and LME Zinc Prices Rose [SMM Market Review - Weekly Price Review]

[Mixed Bullish and Bearish Factors in the Market, SHFE and LME Zinc Prices Rose] At the beginning of the week, LME zinc continued last week's downward fluctuation trend; subsequently, the US dollar index dropped back slightly from its highs, and LME zinc rose; however, the ongoing escalation of the Middle East conflict, coupled with the renewed strength of the US dollar index, constrained the upside room for zinc prices, and the center of LME zinc gradually pulled back......

Mar 27, 2026 15:59

Mar 27, 2026 15:56

Zinc Oxide Operating Rates Remained Stable, While End-Use Demand Showed Divergence [SMM Zinc Oxide Weekly Review]

[Zinc Oxide Operating Rates Remain Stable, End-Use Demand Shows Divergence] In terms of orders, overall demand for rubber-grade zinc oxide remained stable, but some enterprises were relatively cautious about expectations for subsequent demand from tyre factories; orders for major ceramic-grade zinc oxide producers were relatively stable, but affected by the overall weakness in the real estate market, overall demand in the sector was average......

Mar 27, 2026 15:56

Mar 27, 2026 15:55

Data: SHFE, DCE market movement (Mar 27)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 27 Mar , 2026

Mar 27, 2026 15:55

​Main sea freight index at Baltic Exchange declines further 656 points

Main sea freight index at Baltic Exchange declines further 656 points