The Baltic Dry Index gained 7.1% to an over 3-week high of 1,230 in the last week of November, the biggest weekly gain since early October and following a 3% rise in the previous week, pushed by stronger rates across all vessel segments. The capesize index, which tracks iron ore and coal cargos advanced 6.8%; the panamax index, which measures coal or grain cargos climbed 5.6% and the supramax index surged 9.8%. Considering Friday only, the Baltic dry index went up 0.9%. source: Baltic Exchange
Historically, Baltic Exchange Dry Index reached an all time high of 11793 in May of 2008. Baltic Exchange Dry Index - data, forecasts, historical chart - was last updated on November of 2020.
Baltic Exchange Dry Index is expected to trade at 1136.52 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 896.55 in 12 months time.