If you look at the Baltic Dry Index, which is mainly a survey of the price of transporting raw materials, carrying a range of commodities including coal, iron ore and grain.
Its an accurate barometer of the volume of global trade .
The index plunged 90% ,from 11,000 to 700 in six months .
What does that mean?
Other than being cheaper to ship goods across the globe, it means that global trade is suffering tremendously and that’s not a great sign for bullish hopes.
If you look at the Baltic Dry Index, which is mainly a survey of...
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Last
$42.68 |
Change
-0.470(1.09%) |
Mkt cap ! $216.4B | |||
| Open | High | Low | Value | Volume |
| $42.71 | $43.20 | $42.68 | $463.8M | 10.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13572 | $42.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.70 | 457 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |