Baltic Dry Index Is Crashing To Lowest Levels Ever – Should We Care?

What Is Going On With Baltic Dry Index?

Today, we are going to analyze a hot topic – Baltic Dry Index, which on 10 February reached a historic low of 290. It is believed to be an economic leading indicator, because it measures the cost of shipping the raw materials (iron ore, steel, cement, coal, grains etc.), which are essential for many industries in a manufacturing process. When the demand for the commodities moved by the dry bulk carriers is rising, the BDI will rise too. Due to this fact, this indicator provides a clear view into the global demand for commodities and raw materials, which can be a good forecast in which direction, the global economy will go. Baltic...