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Glimmer of Hope – Baltic Dry Index
Posted on February 9th, 2009 No commentsGiving a glimmer of hope, the Baltic Dry Index (BDI) – measuring freight rates for iron ore and other bulk goods – jumped by 40% last week due to increased Chinese demand for iron ore. The Index has gained 125% over the past two months after plunging by 94% since its May high. The chart below illustrates the close relationship between the BDI (red line) and Reuters/Jeffries CRB Index (green line). (Not shown, the trends of the BDI and US Treasury yields also follow more or less the same path.)
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General Baltic Dry Index, Bdi, Chinese Demand, Crb Index, Dry Freight, Freight Rates, Glimmer Of Hope, Iron Ore, Jeffries, Red Line, Relationship, Reuters, Us Treasury YieldsLeave a Reply
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