A plunge in an index long seen as a barometer of trade trends is further evidence of waning raw-materials demand from China, but analysts aren’t relying on the Baltic Dry Index for clear signals on the strength of the global economy. The index, known as the BDI, has lost more than half its value since late May and on Tuesday fell for the 33rd straight day, by 2.7% to 1790.
Green Marine
about 16 years ago
Shipping Index, Once Global Trade Signal, Narrows In On China
A plunge in an index long seen as a barometer of trade trends is further evidence of waning raw-materials demand from China, but analysts aren’t relying on the Baltic Dry Index for clear signals on the strength of the global economy. The index, known as the BDI, has lost more than half its value sin
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