The Baltic Exchange Dry Index extended losses to a fifth straight session on Wednesday, slipping 6.2% to its lowest since June 8th at 2,430, amid declines across all vessel segments. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, shed 9.4% to its weakest since early June at 3,064, amid easing congestion at Chinese ports and thin coal cargo flows out of the Pacific; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, fell 7.5% to a seven-month trough of 2,475. Among smaller vessel segments, the supramax index lost 3 points to 2,260. 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 2021.
Baltic Exchange Dry Index is expected to trade at 2918.72 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 3281.38 in 12 months time.