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Not so new...
But useful
Baltic Exchange Dry Index (BDI)
The Baltic Dry Index is an index covering dry bulk shipping rates and managed by the Baltic Exchange in London. According to Baltic Exchange, the index provides an assessment of the price of moving the major raw materials by sea. Taking in 40 shipping routes measured on a timecharter and voyage basis, the index covers supramax, panamax and capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain.
The index is made up of an average of the Baltic Supramax, Panamax and Capesize indices. These indices are based on professional assessments made by a panel of international shipbroking companies.
Listed Bulk Shipping Stocks in Singapore
Bloomberg Code
Cosco Corp
COS:SP
Noble Group
NOBL:SP
Neptune Orient Lines
NOL:SP
STX Pan Ocean
STX:SP
YangZiJiang
YZJ:SP
*Please note that charts are not updated daily and is not real time. For daily BDI, please use our Bloomberg Charting and key in BDIY:IND.
jackpotbinz, correct me if I am wrong..Does Baltic Dry Index having a direct impact on YangZhi Jiang?
I thought it should directly hit STXPO , NOL , COSCO which hit all time high now, not hard to understand why if you look at the chart below.
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY:IND click, 3 years range, it went up from 2,000 to 11,000 , that's like 500% increased in just one and a half year, a correction is needed.
Did my own analysis here, good luck and happy trading to all.~ =D
http://singaporeinvestors.blogspot.com/
Baltic Dry Index -295 7654
hahaha.. i have been saying that since a long time lo.. woohoo... look at all my previous posts on yang zi jiang. from my analysis, it going to test the $1.50 resistance soon.. do look out for that and from my source, bb r unloading big time these few days..
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haha.. my source tells me that institutions r selling everyday.. look for next support at 1.77 |
seeing the technical trend...shld had shorted this counter...
