The Baltic Dry Index declined 66 points, or 2.1%, to 3,073 on Thursday, extended losses for the third day to the lowest level since June 15th as lower demand weighed. The panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, tumbled 3.6% to 3,708, the lowest in nearly three weeks and the biggest daily percentage drop since April 12. Also, the capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, fell 1.5% to 3,460, the lowest since July 6th. Among smaller vessels, the supramax index decreased 34 points to 2,799. 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 July of 2021.
Baltic Exchange Dry Index is expected to trade at 3576.87 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 4554.66 in 12 months time.