Baltic Dry Index advance further to 849 points

Published: Jun 13, 2017 10:17

Save

The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities advanced further on Friday driven by higher cape, panamax and supramax rates.

UNITED KINGDOM June 12 2017 1:17 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities advanced further on Friday driven by higher cape, panamax and supramax rates.

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, gained by another 25 points to 849 points on Friday.

The turnaround in the BDI last week has resurrected hopes that the BDI will continue its anemic price recovery. The week, the BDI’s change in momentum came from increased hire rates for the larger BDI component ships.

Prior to the week’s turnaround, the BDI was on a consistent downtrend for weeks as shipping demand fell around the globe. While the descent was attributed to the typical, seasonal slowdown, the pullback occurred earlier in the year than usual.

The early slowdown sparked concern that the BDI would sustain significant losses over the summer. The BDI fell as low as 818 points before turning higher. One-year ago, the BDI was trading around 610 points.

main sea freight index at Baltic Exchange

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

2 hours ago

Baiyin Launches $950M Project for 800mt/yr Silver Powder & Paste, Targeting $9B Revenue

Construction Content The project is planned to build a production site for PV and electronic-grade new materials centered on high-purity silver powder and silver paste, supported by intensive precious metal processing and the development of cultural and creative derivative products. Main products include high-purity silver powder (200 mt/year), silver ingots (200 mt/year), PV silver paste (200 mt/year), and silver jewelry cultural and creative products (200 mt/year), with total output value exceeding 9 billion yuan. The technology process adopts efficient electrorefining, with silver purity reaching above 99.995% (up to 6N grade), supporting high-end applications such as semiconductor bonding wires and superconducting materials.

2 hours ago

DKEM Reported a Swing from Profit to Loss in 2025, with Net Profit at -276 million yuan

DKEM (300842.SZ) reported attributable net profit of -276 million yuan in 2025, down 176.80% YoY, mainly due to fluctuations in raw material silver powder prices and the impact of non-recurring gains and losses. The company recorded operating revenue of 18.046 billion yuan, up 17.56% YoY; net profit excluding non-recurring items was 163 million yuan, down 62.78% YoY. The board of directors proposed not to distribute cash dividends. Operationally, full-year sales of PV conductive paste were 1,829.16 mt, down 10.23% YoY, of which N-type TOPCon battery paste accounted for 95.72%. The company will continue to increase R&D in N-type battery paste technology to consolidate its industry-leading position.

2 hours ago

Gold: Institutional Demand Wave Yet to Come – Silver Totters Despite Deficit

From the perspective of Sprott’s experts, gold remains a central strategic building block for investors, even if the precious metal suffers in the short term from the rise in US Treasury yields.

2 hours ago