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Have found the BDI can be tracked daily on the MDS software.


The recovery (potential?) is of utmost importance to the ASX

bulk commodity exporters, and explains the recent move up in

the iron ore shares for example. Will keep watching this, especially

as it appears to be on a weekly resistance.


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Feb. 9 (Bloomberg) -- Iron ore is recovering from a three- year low just as Cia. Vale do Rio Doce, Rio Tinto Group and BHP Billiton Ltd. start talks with Asian steelmakers to set prices for annual supply contracts.


Prices rose 33 percent since October to $84.50 a metric ton for immediate delivery in ChinaÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s spot market after stockpiles in the largest consumer of the metal dropped last month. Reserves fell 22 percent from the record reached in September, while shipping costs more than doubled this year as orders picked up. Imports of iron ore into China rose 6.2 percent in December, customs data show.



etc etc



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The BDI is an index concerning the transport of DRY matter--not liquid matter---it should be discussed HERE!!!!!!!!!!!!!!



The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. The index provides "an assessment of the price of moving the major raw materials by sea. Taking in 26 shipping routes measured on a timecharter and voyage basis, the index covers Handymax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain."[1]



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Marsupial, spot on.


By watching the BDI closely one would have then spotted the turning

point in the Chinese Stockmarket.


You didnt have to be a Rhodes scholar to pick what FMG would then do!


Another leading indicator to an ASX stock (FMG)


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