Baltic Exchange dry bulk shipping freight index. BADI fell on Friday the 10th consecutive trading day holiday due to limited demand in Asia, but traders said prices could mean support for the coal market.

Baltic Dry Index fell 0.69% or 17 points to 2444 points on August 13 the lowest level since the decline in the index have fallen 18%. The index measures the iron ore, cement, grain, coal and transportation costs of commodities such as fertilizers.

Bearish sentiment, dealers said the main reason for low demand during the Chinese holiday. "As China, Japan, Korea and Taiwan, the overall market was quiet this week, holidays," Fearnleys one week in its research report said.

Despite the bearish sentiment but there are growing signs that the market may be improving .2011 API2 coal prices have risen on August 10 since the high of $ 98.65 per metric ton.

"Coal is the most important cargo transport one of the products so if coal prices continue to rally we may see the shipping costs but also upward," a coal trader said. Arctic Securities is also a research report that "freight is unlikely further decline. "

Baltic Capesize vessel freight index. BACI Friday began to climb up 0.55% or 17 points to 3121 points.

Baltic Panamax freight index. BPNI down 1.59% or 44 points to 2719 points. Supramax vessel freight index. BASI down 1.57% or 30 points to 1879 points. (Huai Tao)