GREY:LBEFF - Post by User
Comment by
canada7on Feb 19, 2008 9:37am
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Post# 14391139
BDI
BDI
For those want to know BDI, they can find the information below.
https://www.dryships.com/index.cfm?get=report
BDI is used to track mainly iron ore shipment, and it is different from container shipment. Last month, one of the biggest shipment contract in history is signed, indicating strong demand of iron.
BDI is a leading recession/recovery indicator like Dow Jones Transportation, but it focuses on base material shipment such as iron. For those investing in base metal, they can see BDI index to know the supply and demand of base metals.
Fir those invest in base metal companies, you will be surprised to learn that the shipment companies makes more money than metal companies as the demand for dry ship was too great. Bas metal customers paid more money to shippers rayher than metal companies last year. BDI leading stock DRYS gone up 1,000% last year alone. how many metal companies go up 1,000% last year?