BDI writes the biggest weekly gain in 2 months, Omicron infests iron ore and plunges more than 6% | Anue Juheng-Index

Bulk freight rates strengthened across the board, driving the Baltic Composite Index (BDI) to continue to rise by 89 points, or 3.32%, to 2767 points last Friday (26th). The weekly close was 8.42%, the biggest weekly increase in 2 months. Iron ore prices fell more than 6% to 100 due to market concerns about the South African variant virus Omicron hitting the pace of global recovery. DollarBelow.

The Capesize Shipping Rate Index (BCI) rebounded 130 points, or 3.44% to 3906 points, a weekly increase of 8.2%; average daily rent increased by 2672 DollarTo 27027 Dollar

Panama’s Ultimate Freight Index (BPI) rose 132 points, or 5.3%, to 2621 points, a weekly increase of 14.86%; average daily rent increased by 1182 DollarTo 23586 Dollar

The Ultra Lightweight Limit Freight Index (BSI) rose 32 points, or 1.4%, to 2316 points, up 3.53% for the week.

In the iron ore part, the South African variant virus Omicron was invaded, and the market was worried about impacting the pace of global economic recovery, causing the import price of Tianjin Port to plummet by 6.57% to 96.7 Dollar, But due to the strong climb in the previous trading days, the weekly closed still rose 5.91%; consecutive months of New York iron ore futures fell 6.32% to 97.29 Dollar, A weekly increase of 5.82%.

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