The Baltic Exchange's main sea freight index snapped a six-day winning streak and fell 4.1% to 1,698 on Friday. The capesize index, which tracks iron ore and coal cargos retreated 9.4% to 1,715; and the panamax index, which measures coal or grain cargos decreased 5.6% to 2,332. Meanwhile, the supramax index rose 72 points to 1,513, its highest level since available records began in April of 2017. The Baltic Dry Index jumped 26.8% in the third week of February, the strongest weekly gain since September 25th, 2020.
. 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 February of 2021.
Baltic Exchange Dry Index is expected to trade at 1635.48 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 1290.15 in 12 months time.