The Baltic Dry index, which measures the cost of shipping goods worldwide, fell by 2.7% to 1,560 points on Friday, the lowest since February 8th. It marks the tenth consecutive decline as demand remains weak across all vessel categories due to uncertainty around global economic growth. The capesize index, which tracks iron ore and coal cargos of 150,000 tonnes, shed 69 points, or 4.7%, to 1,411 points, its lowest since April 20th. The panamax index, which tracks about 60,000 to 70,000 tonnes of coal and grains cargoes, went down 16 points to its lowest since July 19th at 1,967 points and the supramax index lost 47 points to its lowest since February 7th at 1,700 points. The Baltic Dry index slumped 17.7% for the week, its third consecutive decline.

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 August of 2022.

Baltic Exchange Dry Index is expected to trade at 1488.24 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 1292.15 in 12 months time.

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Baltic Exchange Dry Index

Price Day Month Year
Baltic Dry 1,560.00 -43.00 -2.68% -23.64% -53.72%
CRB Index 300.45 -0.16 -0.05% 1.97% 31.80%
LME Index 3,811.50 46.10 1.22% 4.53% -9.90%
S&P GSCI 3,539.82 6.64 0.19% 0.29% 38.91%
EU Carbon Permits 85.15 0.39 0.46% 0.94% 50.39%
Wind Energy Index 314.06 1.15 0.37% 6.31% -12.20%
Nuclear Energy Index 1,437.80 5.52 0.39% 5.18% 8.24%
Solar Energy Index 404.27 4.68 1.17% 15.40% -6.42%

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 index is a composite of three sub-indices that measure different sizes of dry bulk carriers: Capesize, which typically transport iron ore or coal cargoes of about 150,000 tonnes; Panamax, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes; and Supramax, with a carrying capacity between 48,000 and 60,000 tonnes. The Baltic Dry Index takes into account 23 different shipping routes carrying coal, iron ore, grains and many other commodities.
Actual Previous Highest Lowest Dates Unit Frequency
1560.00 1603.00 11793.00 290.00 1985 - 2022 points Daily