With all the 'feel good' PMI readings of late, Baltic Dry Index has improved slightly (index gained 1.08% yesterday) from the historical lows of 509.00 on February 18 to 559.00 close yesterday.
Still, year on year, the index is down from 1391.00 to 559.00
In rather miserable 2013 on this date, BDI was at 806.00 and on the same day in 2012 it was at 782.00, in 2011 around 1382.00 and so on.
It will take a hell of a lot more 'improvement' to get us back to even remotely normal trading conditions.
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