Soochow Futures Institute Jiang Xingchun believes that the BDI index fell, an important driving force reflects the Chinese demand and imports still can the global shipping industry bottomed out, once the Chinese economic slowdown, commodity prices can not support the demand level, then there may be adjusted shipping index.
Go down endless, yixieqianli. As a barometer of global economic recovery BDI index (BDI), which change radically the roller coaster to the shipping industry are “stimulus”.
Since January 18th, BDI index from 952 points to 702 points, has declined for 15 consecutive trading days, the cumulative decline of 26.26%, down 250 points, a record low since August 24, 2016.
| sodium metabisulfite |
This seems to be a repeat of last year’s story: in February 2016, BDI fell to a record low of 290 points. However, after this, the BDI index will be opened up to 9 months of birth rates rebound, while commodity derivatives trading hot, also opened a bull market.
The broker believes that 2017 BDI big trend is expected to exceed expectations, is expected to rose 33% to 63%, in the long term there is still room to rise in late February, will open the rebound. This prediction can be realized?
BDI seasonal decline
| sodium metabisulfite food grade |
The disk, round down cycle from 18 November 2016 hit a high open quietly after 1257, has fallen 555 points, 53 trading days or up to 44.15%.
“The Chinese Spring Festival holiday has past, but the festive atmosphere has not yet fully dispersed. As the world’s largest China commodity demand in China, during the Spring Festival holiday, holiday demand, enterprise production, shipping market deserted, so that the lower BDI index.” Xing futures analyst Lin Hui said.
| sodium metabisulfite industrial grade |