SHARP DECREASE BALTIC DRY INDEX PRICE

The Baltic Dry Index (BDI) attains minimum value today quoting at 1.300 US$. The BDI price has decreased more than 30% since mid December 2011 in a continuous way. This is a clear indication about the economic downturn, reflected in lower bulkcarrier intercontinental commodities traffic. Our forecast is that the intended steel price increase with the start of the year will not be accepted by markets.

Prf. Dr. Juan José del Campo
Materials Science & Engineering Metallurgy
University of Oviedo