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Bulk Commodities Freight Recorded 28 Years’ New Low

Wednesday, February 4, 2015
Source:ferro-alloys.com

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Keywords:nickel ore BDI

[Fellow]On Jan.29th, the Baltic Dry Index (BDI) declined by 5% to 632point, recording the new low since 1986. In addition to the excess capacity, unstable demand and the dropping fuel costs, the shrinking demand of China was considered to be the main driving force.

[Ferro-alloys.com]On Jan.29th, the Baltic Dry Index (BDI) declined by 5% to 632point, recording the new low since 1986. In addition to the excess capacity, unstable demand and the dropping fuel costs, the shrinking demand of China was considered to be the main driving force.

The largest buyer of coal and iron ore—Clarkson expected that in2015 the import growth of the above material of China was 6%, which would decline by 8.7% compared with that of 2014.

As bulk shipping industry operating had close relation with the global economy and the raw material prices, the BDI was recognized as the barometer of the economy and the international trade.

[Editor:Juan]

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