Steel News

We strive to let you one step ahead of the market.

BDI surges to new high

23 Jul 2019 14:42 reported by Claude Tseng

A A A
BDI (Baltic Dry Index) increased sharply to 2,170 points last Friday (July 19th), which hit the highest level in the past five and a half years.

The BDI could measure the changes in raw materials' transportation costs, such as iron ore, cement, grain, coal, and chemical fertilizers.

Stimulated by the strong BDI, the shipping cost also increased. According to the steel industry, the rapid hike in the BDI did not mean the global economy was good.

After the Brumadinho dam disaster, the iron ore supply was tight from Brazilian Vale mine. Therefore, it might be advantages for the shipping company and could be the reason for the BDI rise.

Back to Steel News

Related News

Chinese vehicle production & sales down in Jul y-o-y

  • Others
  • 15 Aug 2019 17:09

Taiwanese vehicle output rises in Jul y-o-y

  • Others
  • 15 Aug 2019 13:46

Indian car sales decline by 31% in Jul m-o-m, deepest range since 2001

  • Others
  • 15 Aug 2019 13:34

Taiwanese screw sales to Europe stabilize a little bit recently

  • Others
  • 13 Aug 2019 15:50

Saudi Arabia to cut crude oil exports from Sep, crude oil price rebounds

  • Others
  • 9 Aug 2019 15:39

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,237.00
  • 2,249.00
  • Aluminum
  • 1,762.00
  • 1,794.00
  • Copper
  • 5,755.00
  • 5,789.50
  • Nickel
  • 16,000.00
  • 16,000.00

Learn more

Coil Exchange Center

  • 2B Coil-Sep
  • 2,530
  • 2,390
  • NO1 Coil-Sep
  • 2,480
  • 2,340
  • 2B Coil-Sep
  • 2,530
  • 2,390
  • NO1 Coil-Sep
  • 2,480
  • 2,340

Learn more