The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index tracks worldwide international shipping prices of various dry bulk cargoes.
The index provides "an assessment of the price of moving the major raw materials by sea. Taking in 26 shipping routes measured on a timecharter and voyage basis, the index coversHandymax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain.
The BDI has closed at 2213 with a gain of +0.60% on 24 Nov 2010. On Daily price chart ,it has given a Positive –cross over, suggest that the Decline in the Equity market may halts in few days. Our Indian Index is declining manily on the news of scams.
