BDI: still relevant, but not the leading indicator it used to be
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- The coal industry carefully watches the BDI
-
The BDI is signalling months of sluggish coal prices
- What does a rising BDI signify to coal shippers?
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The BDI hints at weak prices but beware!
- But what if the BDI reverses direction?
- Addicted to Chinese demand
- Can supply influence the BDI?
- Laissez faire? Definitely not!
- BDI correlations have often failed as indicators
- The verdict: there is high certainty that coal prices will be flat for months
- The verdict: there is some suspicion that coal prices will be flat for months
- Summary
Tables and charts
This report includes the following images and tables:
- BDI and historical Newcastle 6,000 kcal/kg NAR coal price (13 Apr 2019 indices = 1.0)
- BDI and historical Newcastle 6,000 kcal/kg NAR coal price (04 Apr 2003 indices = 1.0)
- 40-week moving average BDI profile at two rates of demand recovery (ln of 40-wk moving avg BDI index)
What's included
This report contains:
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