Main sea freight index at Baltic Exchange falls further to 1,069 points

Published: Dec 13, 2016 17:10 (GMT+8)

Save

The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities fell further to 1,069 points on Monday mainly due to weak cape and panamax indices.

UNITED STATES December 13 2016 1:33 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities fell further to 1,069 points on Monday mainly due to weak cape and panamax indices.
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 further by 21 points to 1,069 points on Monday.
The BDI’s price shows seasonal patterns, with the index usually reaching its peak of the year in October-December, and its low in January or February.
This year, the BDI’s 1,257 point peak, which was a two-year high, occurred in November. The low of the year was in February when it plunged to 290 points amid concerns China’s economy was headed for a hard landing.

lead prices zinc prices copper prices aluminum prices nickel prices

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 for 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

Sep 26, 2026 01:38 (GMT+8)

Peru sees 1 million t/y copper output boost within five to six years

Peru's Energy and Mines Minister Guillermo Shinno said the country expects to add about 1 million tonnes of annual copper production within five to six years through new mining projects. The world's third-largest copper producer anticipates 2026 output of 2.5 to 2.7 million tonnes, roughly unchanged from 2023 as declining ore grades and recurring social conflicts weigh on supply. The newly elected government is seeking to reverse that stagnation by cutting red tape; in the two months since taking office, mining companies have stepped up engagement with the ministry. Shinno said officials have identified 27 permits that could be eliminated from roughly 100 mining-sector requirements, without lowering environmenta

Sep 26, 2026 01:38 (GMT+8)

Sep 25, 2026 20:26 (GMT+8)

India copper producers seek GST cut as record prices raise working-capital burden

Indian copper producers are seeking a GST cut to 5% from 18%, citing rising working-capital requirements amid record-high copper prices.

Sep 25, 2026 20:26 (GMT+8)

Sep 25, 2026 16:43 (GMT+8)

Sulphuric Acid Shortage Emerges as a Constraint on Zambia’s Copper Growth

Zambia’s sulphuric acid shortage is becoming a growing constraint on copper production and refining. Jubilee Metals reported acid costs rising by more than 200% in Q4 FY2026, while Sable cathode output fell to 250 t from 361 t in Q3. Government data also showed small-scale copper production down 35.2% YoY in H1 2026, highlighting the sector’s exposure to tight acid availability and higher processing costs.

Sep 25, 2026 16:43 (GMT+8)