The Baltic Dry Index rose 1.1% to 3,318 on Wednesday, a peak since July 1st, following two straight sessions of losses, as a resurgence in Covid-19 cases sparked supply concerns for some commodities. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes rose 1.3% to 4,302, its first gain in three days; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, went up 1.5% to 3,358, the highest since July 28th. Among smaller vessels, the supramax index rose 14 points to 2,983. 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 August of 2021.
Baltic Exchange Dry Index is expected to trade at 3557.99 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 4491.93 in 12 months time.