# Baltic Dry Index continues to fall to 918 points - Shanghai Metals Market (SMM)

> 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.

- Date: 2017-05-26 · published 2017-05-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/71198-baltic-dry-index-continues-to-fall-to-918-points-shanghai-metals-market-smm
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- news.metal.com: https://news.metal.com/newscontent/100738550/baltic-dry-index-continues-to-fall-to-918-points

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.