The BDI data is critical for all the DryBulk Shipping stocks. The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index tracks worldwide international shipping prices of various dry bulk cargoes.The BDI is one of the purest leading indicators of economic activity. It measures the demand to move raw materials and precursors to production, as well as the supply of ships available to move this cargo. Consumer spending and other economic indicators are backward looking, meaning they examine what has already occurred. The BDI offers a real time glimpse at global raw material and infrastructure demand. Unlike stock and commodities markets, the Baltic Dry Index is totally devoid of speculative players.
Dry Bulk Shipping Rates- October 06, 2011
Baltic Dry Index ( BDI ) - 1784 Down 33
Baltic Cape Index ( BCI ) - 2788 Down 41
Baltic Panamax Index ( BPI ) -1836 Down 30
Supramax Index ( BSI ) - -1425 Down 27
Below these are the Top Shipping Stocks Performance of the Week ended November 06, 2011.
Ticker Company Change (Week)
ROCK Gibraltar Industries, Inc. 8.21%
FRD Friedman Industries Inc. 6.84%
CHOP China Gerui Advanced Materials Group Ltd. 4.53%
SYNL Synalloy Corp. 3.70%
TS Tenaris SA 2.09%
IIIN Insteel Industries Inc. 0.94%
GNI Great Northern Iron Ore Properties 0.52%
X United States Steel Corp. 0.22%
NUE Nucor Corporation -0.76%
STLD Steel Dynamics Inc. -0.88%
HSC Harsco Corporation -1.28%
AKS AK Steel Holding Corporation -1.31%
CMC Commercial Metals Company -1.43%
CLF Cliffs Natural Resources Inc. -1.87%
TX Ternium S.A. -2.29%
CPSL China Precision Steel, Inc. -2.88%
SIM Grupo Simec S.A.B. de C.V. -3.86%
GSI General Steel Holdings, Inc. -3.91%
SCHN Schnitzer Steel Industries Inc. -4.07%
USAP Universal Stainless & Alloy Products Inc. -4.08%
GGB Gerdau S.A. -4.12%
SID Companhia Siderurgica Nacional -4.45%
PKX POSCO -4.67%
OSN Ossen Innovation Co., Ltd. -4.79%
WOR Worthington Industries, Inc. -4.93%
SXC SunCoke Energy Inc. -5.72%
NWPX Northwest Pipe Co. -5.88%
MUSA Metals USA Holdings Corp. -6.13%
SUTR Sutor Technology Group Limited -6.25%
MT Arcelor Mittal -8.27%
HAYN Haynes International Inc. -8.51%
MTL Mechel OAO -10.00%
MEA Metalico Inc. -19.02%
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