Source:Chinese fertilizer Author:Xu Yan Time:2012-06-25 Read:808second
The Baltic Exchange Dry Freight Index. Friday the BADI flat due to the slowdown in shipping activity.
Baltic Dry Index was unchanged at 978 points this week, an increase of 4% The index measures the transportation costs of iron ore, cement, grain, coal and fertilizer resources.
"We see the shipping activities of short-term increase, but has slowed down again." Said George Lazaridis, Intermodal, head of research of the Greek shipping brokers.
Baltic Capesize Index. BACI l 3:00, or 0.26 percent to 1155 points. Average daily profit rose 20-3570 U.S. dollars. Capesize vessel of 150,000 tons deadweight normally transport iron ore and coal and other goods.
Lazaridis said capesize rates rise due to some transport activity, but the price of iron ore must be a substantial decline will attract traders again to supplement the inventory in the inventory level is already high.
Baltic Panamax freight index. BPNI was down 2.33 percent to 1048 points, the average daily profit decreased 198-8345 U.S. dollars.
Lazaridis pointed out that the Panamax overall weaker demand in the summer.