What is the Baltic Dry Index?

Baltic Dry Suchý (BDI) is an economic indicator that reflects the costs of transporting dry goods by sea. Despite the name of the Baltic Suchý Index, it actually covers transport on routes around the world. It is released daily in London, an organization that has its roots in the 17th century. While many consumers have never heard of BDI, it can actually be a very important tool for assessing economic health and the direction of economic trends. This includes commodities from grain to steel. The index is divided into a ship's class, while the indices are provided for pocket, supramax, Panamax and ship listeners. It also averages the costs across routes to provide more accurate reflection of total trends; One route can be expensive for different factors, while the other may be relatively cheap and on average Baltic dry index provides the overall picture.

also known as IndeX dry bulbs, gives people an idea of ​​how the dry raw goods market behaves. It is a market area where there are not too many speculators and movement can predict economic trends, because to produce consumer goods, the company needs dry raw goods used as materials. The increase in the Baltic Suchý Index may indicate that more goods are supplied, while the fall shows that there is less demand for these goods and probably suggests that there will be a ripple.

2008 meant a high point on the Baltic Dry Index index, and this economic indicator lost a very high percentage of its value when the economic crisis developed. At one point the index was so low that it was indicated that the driving fans would hardly break even when paying boats and crews. This was not until January 2010 that the Baltic Suchý index began to experience an increase that proposed promising economic trends after numerous sessions of a permanent decline.

There are different places,In which people can find the latest quote about the value of the Baltic Suchý index. Transportation publications are usually a good place to start. The websites that provide exhaustive coverage of various indices around the world will usually also have information about BDI.