Main sea freight index at Baltic Exchange gains further to 857 points-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Market commentary
  • Futures movement
  • Copper
  • Aluminium
  • Inventory data
  • Lead
  • Evening comments
  • Macroeconomics
  • MMi Iron Ore Port Index
  • Li-Ion Battery Cathode Material
  • Morning comments
  • Customs data
  • Silicon
  • Nickel

Main sea freight index at Baltic Exchange gains further to 857 points

Industry News 05:49:23PM Nov 01, 2016 Source:Scrap Register

UNITED KINGDOM November 01 2016 2:47 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities gained further to reach above 850 points mark on Monday mainly due to strong cape and supramax rate.
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, advanced by another 23 points to 857 points on Monday. 
The reversal in the BDI after many sessions of losses could have been from some bargain hunting as the mood surrounding shipping activity remains muted. 
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.

Key Words:  main sea freight index  lead  nickel  copper  aluminum  zinc 

Price

more
#1 Refined Cu
Apr.19
49430.0
-170.0
(-0.34%)
Yangshan Copper Premium(Bill of Lading)
Apr.19
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.19
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

Main sea freight index at Baltic Exchange gains further to 857 points

Industry News 05:49:23PM Nov 01, 2016 Source:Scrap Register

UNITED KINGDOM November 01 2016 2:47 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities gained further to reach above 850 points mark on Monday mainly due to strong cape and supramax rate.
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, advanced by another 23 points to 857 points on Monday. 
The reversal in the BDI after many sessions of losses could have been from some bargain hunting as the mood surrounding shipping activity remains muted. 
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.

Key Words:  main sea freight index  lead  nickel  copper  aluminum  zinc