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The Baltic Dry Index declined a further 16 points to 918 on Thursday, driven by lower cape, panamax and supramax indices. The index tracks freight across 23 routes carrying coal, iron ore and grain.
A falling BDI signals weaker bulk shipping demand tied to Chinese raw material imports, which lowers ocean freight costs for grain and feed ingredient cargoes.
news.metal.comMay 26, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
