The Baltic index has been trading below 450 in February, the lowest level since March 2016 with the capesize segment falling to all-time lows amid weak demand for ships and muted activity in China, whose demand accounts for almost 40% of total dry seaborne imports. The dry bulk index, which can be an early indicator of slowing global growth, has plunged by over 83% since early September as an 18-month trade war between the US and China and the coronavirus outbreak weighed on exports and manufacturing, while higher fuel costs under the new International Maritime 2020 regulations led to a significant rise in the cost of operating cargo ships. The last time it fell by 90% in just a few months was in 2008 during the Great Recession.

Historically, Baltic Exchange Dry Index reached an all time high of 11793 in May of 2008. source: Baltic Exchange

Baltic Exchange Dry Index is expected to trade at 517.67 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 581.46 in 12 months time.


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Baltic Exchange Dry Index


Baltic Exchange Dry Index
The Baltic Dry Index is reported daily by the Baltic Exchange in London. The index provides a benchmark for the price of moving the major raw materials by sea. The Baltic Dry Index is not restricted to Baltic Sea countries or to a few commodities like crude oil. Instead, the Baltic Dry Index takes into account 23 different shipping routes carrying coal, iron ore, grains and many other commodities.

Energy Price Day Weekly Monthly Yearly Date
Crude Oil 52.2044 0.15 0.30% 4.53% -11.22% -6.93% Feb/18
Brent 57.4528 0.13 0.23% 6.37% -11.88% -13.54% Feb/18
Natural gas 1.8943 0.04 2.30% 5.79% -1.51% -28.84% Feb/18
Gasoline 1.5996 0.02 0.99% 5.14% -3.25% 2.29% Feb/18
Heating oil 1.6869 0.01 -0.83% 3.25% -10.29% -15.43% Feb/18
Ethanol 1.3300 0.02 -1.40% -0.23% -3.21% -0.17% Feb/17
Naphtha 475.91 1.43 -0.30% 2.41% -11.58% -4.74% Feb/14
Propane 0.39 0.00 0.23% 1.36% -11.80% -42.15% Feb/14
Uranium 24.5000 0.00 0.00% -1.01% -0.41% -14.63% Feb/14

Metals Price Day Weekly Monthly Yearly Date
Gold 1,580.95 3.37 -0.21% 0.86% 1.28% 17.89% Feb/18
Silver 17.7653 0.08 0.45% 0.72% -1.70% 11.17% Feb/18
Platinum 971.56 8.44 0.88% 1.16% -4.77% 21.14% Feb/17

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans 894.6954 0.83 0.09% 1.37% -3.60% -1.46% Feb/17
Wheat 545.8779 2.10 0.39% -1.37% -4.66% 8.52% Feb/17
Palm Oil 2,548.00 2.00 0.08% 1.64% -1.62% 15.50% Feb/17
Cheese 1.7840 0.00 -0.11% -0.61% -0.89% 27.25% Feb/14
Milk 16.99 0.02 -0.12% -0.41% 0.00% 21.53% Feb/14
Wool 1,568.00 0.00 0.00% -0.57% -4.56% -20.33% Feb/14
Rice 13.3300 0.03 0.19% -2.09% -0.22% 35.12% Feb/14
Tea 2.42 0.00 0.00% -5.47% -13.57% -15.38% Feb/14
Sugar 15.06 0.10 -0.66% 0.94% 3.72% 12.81% Feb/14
Cocoa 2,904.00 84.00 -2.81% 0.14% 8.00% 24.10% Feb/14
Coffee 109.10 4.65 4.45% 10.93% -4.55% 12.24% Feb/14
Orange Juice 99.15 0.00 0.00% 4.53% 2.64% -16.54% Feb/14
Canola 459.50 4.30 -0.93% -0.39% -3.43% -3.00% Feb/14
Cotton 67.41 0.34 -0.50% -0.50% -4.14% -4.26% Feb/14
Lumber 449.30 5.80 -1.27% 2.07% 15.62% 13.06% Feb/14
Rubber 161.70 5.70 3.65% 12.14% -4.38% -12.22% Feb/17
Oat 295.0696 0.15 -0.05% -1.69% -6.25% 6.53% Feb/17
Corn 378.0766 0.20 -0.05% -0.93% -2.83% 0.82% Feb/17

Livestock Price Day Weekly Monthly Yearly Date
Beef 13.97 0.13 -0.92% 0.50% 3.71% 31.79% Feb/14
Poultry 4.86 0.00 0.00% 2.53% -5.08% 11.72% Feb/14
Feeder Cattle 138.5476 2.02 1.48% 2.01% -4.73% -3.62% Feb/14
Live Cattle 121.1017 1.71 1.44% -0.26% -4.85% -5.30% Feb/14
Lean Hogs 55.9987 0.02 0.03% -2.29% -17.33% -0.93% Feb/14

Industrial Price Day Weekly Monthly Yearly Date
Copper 2.6205 0.02 0.93% 1.55% -7.92% -9.06% Feb/18
Lithium 49,000.00 0.00 0.00% 0.00% 0.00% -36.77% Feb/17
Bitumen 3,056.00 14.00 0.46% 1.06% -4.26% -1.42% Feb/17
Steel 3,394.00 16.00 0.47% 2.44% -9.97% -9.52% Feb/17
Coal 70.93 0.23 0.33% 0.97% -2.19% -23.81% Feb/14
Palladium 2,469.26 37.49 1.54% 4.92% -0.45% 69.48% Feb/17
Cobalt 33,750.00 0.00 0.00% -2.17% 3.05% 8.87% Feb/14
Lead 1,896.25 7.75 -0.41% 4.13% -4.82% -5.92% Feb/14
Aluminum 1,722.00 26.00 -1.49% -0.23% -4.39% -7.22% Feb/14
Tin 16,525.00 65.00 -0.39% 2.16% -5.30% -21.81% Feb/14
Zinc 2,149.00 26.00 -1.20% 0.19% -9.90% -18.54% Feb/14
Nickel 12,932.00 271.50 -2.06% 1.93% -9.19% 4.51% Feb/14
Molybdenum 24.20 0.00 0.00% 0.00% 9.75% -11.19% Feb/14
Iron Ore 88.50 0.00 0.00% 6.63% -7.33% 0.00% Feb/14
Neodymium 368,500.00 0.00 0.00% 0.27% 0.41% -7.41% Feb/14
Iron Ore 62% fe 84.8600 0.28 -0.33% 3.93% -10.29% -4.15% Feb/14
Manganese 32.50 0.00 0.00% 0.00% 3.17% -17.72% Feb/14
Soda Ash 1,550.00 0.00 0.00% 0.00% 0.00% -24.02% Feb/17
Rhodium 11,075.00 100.00 0.91% 2.78% 39.75% 320.30% Feb/14

Index Price Day Weekly Monthly Yearly Date
Baltic Dry 425.00 4.00 0.95% 2.41% -44.66% -33.90% Feb/14
CRB Index 183.41 0.73 0.40% 1.70% -5.21% -2.69% Feb/14
LME Index 2,674.50 24.90 -0.92% 1.36% -7.54% -9.15% Feb/14
S&P GSCI 2,339.17 13.18 0.57% 2.03% -7.45% -5.44% Feb/14