Dropping BDI@1,191 a concern; equally Geopolitics…

Markets, Reports — By on March 7, 2018 at 7:09 PM

John Faraclas

The BDI (Baltic Dry Index) lost 21 points since yesterday and now stands at 1,191 – not nice to see same below the 1,200 threshold… The Geopolitics are beyond a perplexed puzzle. John Faraclas’ midweek brief recap:

The Capers as always volatile dropped down to 1,495 with the BCI falling below the 1,500 point-threshold. CAUTION!

The Panamaxes gained 25 points with the BPI now reading 1,553 points…

The Supras continued the slow but steady rise with the BSI gaining seven points and now reading 1,020 points!

Plus four points for the Handies gave a breathing space for the BHSI now reading 599 – very close to the 600 base level…

Uncertainty is the name of the game in the Dry sector under the fear of a possible trade war…

The Wets moving down too; the last published BDTI (Dirties) and BCTI (Cleans) lost ten and two points and now read 654 and 596 respectively.

The WTI as you read this lines stands US$ 60.92 !!!! That’s good news; let’s hope it drops below the US$ 60.00 mark and then down to US$ 50.00 ! Its a humane necessity!

Reverting later on tonight with the as ever turbulent Geopolitics; until then be on guard from any eventuality emanating from Pirates and Terrorists wherever you are on Planet Ocean.


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