The Baltic Exchange Dry Index fell 1.9% to 1,731 on Monday, its lowest since early March 2021, extending losses for a seventh straight session, amid weaker seasonal demand across all vessel segments. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, declined 1.7% to 1,470, its lowest since late February 2021; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, fell 2.1% to 2,326. Among smaller vessels, the supramax index shed 33 points to its lowest level since April at 1,864. 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 January of 2022.
Baltic Exchange Dry Index is expected to trade at 1688.50 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 1480.88 in 12 months time.