BDI surged for three consecutive days

Published: 05 Nov 2009 00:26:55 PST

November 4 MetalBiz--Baltic Dry Index (BDI) increased by 62 points to 3,247 points on November 3, a strong rebounding for three consecutive days, set a high level for more than three months.

Due to the coming of winter, electricity and coal demand in Europe will be active and China' s iron ore demand is also huge, therefore, the large-scaled ores such as Rio Tinto all disclosed that the iron ore and coking coal demand is strong, which will stimulate sea fright to increase.

BDI is one of leading indicators of international trade and economy and the authentic index weighting the international shipping situation. It reflects the global demand in primary commodities such as minerals, foods, coal, cements and etc.