What is Baltic index today?

What is Baltic index today?

Why is the Baltic Dry Index Important?

The Baltic Dry Index is a leading indicator that provides a clear view into the global demand for commodities and raw materials. The fact that the Baltic Dry Index focuses on raw materials is important because demand for raw materials provides a glimpse into the future.

Where can I find Baltic Dry Index?

The index can be accessed on a subscription basis directly from the Baltic Exchange as well as from some financial information and news services such as Bloomberg and Reuters.

How do I invest in the Baltic Dry Index?

Indexes are not investable securities, but investors have some choices that offer exposure to the Baltic Dry Index.

1. Dry Bulk Shippers. Perhaps the most obvious way to get exposure to the Baltic Dry Index is through the shares of dry bulk shipping companies. …
2. Commodities Producers. …
3. Oil. …
4. Country Funds.

What are the Baltic States countries?

Baltic states, northeastern region of Europe containing the countries of Estonia, Latvia, and Lithuania, on the eastern shores of the Baltic Sea. The Baltic states: Estonia, Latvia, and Lithuania.

What is dry bulk in shipping?

What Is a Dry Bulk Commodity? A dry bulk commodity is a raw material that is shipped in large unpackaged parcels. Dry bulk consists of mostly unprocessed materials that are destined to be used in the global manufacturing and production process.

Why is it called Baltic Dry Index?

The Baltic Dry Index (BDI) is a shipping and trade index created by the London-based Baltic Exchange. It measures changes in the cost of transporting various raw materials, such as coal and steel.

Why did Baltic Dry Index spike in 2008?

Shipping costs were previously so expensive because demand was strong and enormous cargo ships can’t be built overnight. As the demand disappeared, the Baltic Dry dived. Moving huge quantities of cargo is an energy-intensive activity, so the slump in oil prices is a large part of what’s happening here.