Enter August, Baltic Dry Index (BDI) changed the tide in the first half, continued strength. August 18, BDI rose to 1042 points, to stand after a lapse of four months after the thousand point mark. Capesize dry bulk freight index (BCI) also rose by 1591 points straight April 17th to the 18th of 2256 points, or a total of more than 40%. It is understood that the main Capesize shipping iron ore, coal and grain and other goods. 

 

Xiamen, a shipping company staff told reporters that the recent BDI continued strength, and increase international mining iron ore shipments to China are not unrelated. "'Golden nine silver ten' shopping season approaching, coupled with the current steel inventories at low levels of iron ore, the recent domestic iron ore imports are expected to increase." The shipping company source said. 

 

Wind data show that as of August 15, the domestic large and medium steel mills imported iron ore stock average number of days available for 31 days, compared with 36 days in early May fell back. The steel mills in Hebei iron powder available inventory has dropped to an average of 11.36 days, a record low in recent years. 

 

"In the upcoming season and a slowdown in the second half of the shipping running background, sea freight rose sharply." Westwood said futures analyst Cheng Xiaoyong,  to China's iron ore shipping port to Beilun port, has been $ 18.30 July 22 / ton rose to $ 23.61 on August 18 / ton. 

 

From seasonal factors, the current season gradually into the shipping industry, "Golden September and Silver October," approaching, Australia, Brazil Port overhaul coming to an end, Capesize shipping market gradually pick up, driven by improvement in the shipping market. Ann coal steel grain futures researcher Zhang Tao said that this year the world's four major mine iron ore production capacity to enter the release period, Vale, there are still a lot of capacity in the second half FMG pending release, "With the active Chinese iron ore import market, post shipping needs to be guaranteed, is expected to further boost the tariff. "

 

"Recent international mining companies 'premium content' strategy is obvious." Chapter  Aviation futures analyst, said this year the international iron ore prices have continued to fall, after the $ 100 / ton mark below the recent 93 -95 dollars / ton oscillation. 

 

"The recent increase in coal shipments are Anglo Gladstone port in Australia sends about 160,000 tons of coal shipped to Qingdao port." Cheng Xiaoyong said. Shanghai also told a coal trader Futures Daily reporter said, "This week Australia's coal shipments is very large, to a certain extent, propelled the rise in tariffs." 

 

BDI reflects the extent of the global shipping market boom, the level of market supply and demand situation of freight a definite link, BDI trend also reflects the market demand nonferrous metals, mineral resources and other commodities to some extent. From a historical trend, the current BDI is still relatively low position. "The current shipping market is still excess capacity, and ship orders more, the late production capacity will continue to be a long process." Tao said. 

 

The BDI rose whether they have sustained, market participants believe that the latter need to focus on whether there are signs of recovery in domestic demand. It is noteworthy that the recent domestic iron ore port stocks fell for four consecutive weeks. Chapter  that "the rise in international shipping prices also have an impact on raising import costs, and related commodity price formation support.