Therefore, as a strategic investor in many futures markets, the degree of concern for the index is self-evident. Although many commodity prices are still at a high level this year, BDI prices have plummeted, indicating that the demand for raw materials in the global market is weakening and economic growth will also fall back. Of course, the macro-control policy implemented by China since last year is an important reason for the slowdown in China's demand and the decline in the value of BDI. The slowdown in global economic growth is another factor that led to the sharp drop in the index. Therefore, it is expected that the market price of bulk raw materials in the commodity market will fall across the board in the near future.
In order to meet the needs of customers, Baltic Shipping Exchange began to publish the daily freight index at 1985. This index is a comprehensive index composed of freight rates of several traditional dry bulk carrier routes according to their respective importance and proportion in the shipping market, which directly reflects the trade, production and consumption levels of all countries in the world. For manufacturers and traders, the level of BDI is closely related to their profits. Enterprises and traders can make appropriate adjustments to production and sales according to the index. For individual investors, this index can clearly tell you a real market fundamentals. Baltic Exchange is the first and oldest shipping market in the world. From 1744, which was born in Virginia and Bartic Coffee House in Needle Street, London, England, to a world-famous shipping exchange headquartered in London, England, it has developed into the most famous international self-regulated shipping and ship trading market in the world. 656 companies from 46 countries around the world have become members of the Baltic Aviation Exchange, and about 65,438+0,400 employees trade on behalf of the company.
The Baltic Freight Index (BFI) was released by the Baltic Exchange on 1985, which is a comprehensive index composed of freight rates of several traditional dry bulk carrier routes according to their respective importance and proportion in the shipping market. The index is set at 1 October 4th10,000, which consists of 1.3 routes. Each batch of goods is as small as 6.5438+400,000 tons of fertilizer and as large as 65.438+200,000 tons of coal, and there are no regular charter flights.
Over the years, in order to meet the needs of market diversification, the composition routes of BFI have been adjusted many times, and a separate scheduled charter flight route based on itinerary has been added. The average time charter of the benchmark routes of various ship types can basically represent the spot market level of various ship types. Especially in September 1 and 1999, the Baltic Exchange decomposed the BFI index which originally reflected Panamanian ships and Cape of Good Hope ships into two indexes, BCI and BPI, which together with the established freight rate index BHI*** constitute the three major ship freight rates, and the number of routes formed by the indexes reaches 24. In June of the same year 1 65438+1October1,BDI based on BCI, BPI and BHI replaced BFI and became a barometer representing the trend of international dry bulk transportation market.