The Baltic Exchange Dry Index extended losses for a sixth straight session, slipping 4.1% to 4,854 on Friday, its lowest since September 27th, as falling iron ore prices continued to weigh on capesize rates. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, slumped 8.2% to 7,767, its lowest since September 27th; while the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, rose 1% to 4,065, its highest in three months. Among smaller vessels, the supramax index added 34 points to a fresh record high of 3,576, according to Refinitiv going back until 2017. The Baltic Dry Index posted a weekly loss of 12.2%, its worst since the week ending January 29th. 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 October of 2021.
Baltic Exchange Dry Index is expected to trade at 5037.00 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 5628.21 in 12 months time.