The BDI Has Been Cut In Half Since The Start Of The Year And Has Recovered Slowly Recently

- Apr 22, 2019-

The BDI has been cut in half since the start of the year and has recovered slowly recently

The index fell from 1,282 on the first day of trading in 2019 to a low of 595 on February 12. The Baltic dry index (BDI) has halved since the start of the year.On March 1, the BDI index edged up 6 points to 664, recovering slightly for a seventh straight session and appearing to be edging out of a prolonged slump.From the perspective of commodity analysts, the BDI index fell more than expected after the collapse of Brazil's vale tailings dam and the Chinese lunar New Year.In the latest developments, the impact of the vale accident is diminishing.According to the latest report from tianfeng securities transportation industry, BDI rebounded 4.7% to 664 points in the latest week, but BCI(capesize index of ultra-large dry bulk carriers) continued to be weak and the market continued to be under pressure.The implementation of the imo environmental protection convention and the continued downturn of the industry are expected to lead to the gradual clearing of production capacity, and the trend of gradually shrinking new ship orders is expected to continue, maintaining the judgment that 2020 May be the long-term bottom of the industry unchanged.In the medium to long term, the imf forecast in its October 2018 report that global economic growth would be 3.7 percent in 2019, unchanged from 2018.Downside risks to the global economy remain.Clarkson expects the volume of global dry bulk seaborne trade to be 5.326 billion tons in 2019, up 2.3 percent year on year and unchanged from 2018.Bulk cargo growth is relatively moderate, small bulk cargo growth slightly higher than bulk cargo.Capacity growth in 2019 was 2.8 per cent, roughly in line with volume growth.Due to the weak market balance, the impact of sudden factors may cause more frequent fluctuations in freight rates.Shanghai shipping exchange related report that 2019, dry bulk transport market demand is not too optimistic, but the slow growth of capacity supply will continue to give market support.The overall market is likely to be about the same as it was in 2018, with different ship types performing differently, if you don't take into account the contingencies.With the centralized delivery of large ships, it is estimated that the upside space is limited and the downward pressure increases, leading to great challenges for the capesize market.Panamax ship market uncertainty increases, overall not too optimistic.In 2019, the sea volume of small bulk cargo still increased steadily.Under the support of the decrease of freight capacity growth and the increase of freight volume, the market of ultra-handy ships is expected to continue to pick up.


 

 

Cangzhou Steel Pipe Group (CSPG) Co., Ltd. is a large-sized, key metallurgic enterprise of Hebei Province in North China, whose history dates back to 1994. CSPG currently em/paces six member companies with products varying from SSAW, LSAW, ERW, seamless steel pipes to 3PE pipes, galvanized pipes, casing pipes, etc. A Joint-stock corporation, CSPG occupies an area of 600,000 square meters with a total asset of $530 million.



Specialized in the production of straight welded pipe spiral pipe galvanized pipe 3PE/3PP/FBE/TPEP internal and external epoxy powder internal and external epoxy resin cement mortar two cloth three oil buried pipeline IPN8710 non-toxic drinking water internal and external plastic coated lining plastic and other anti-corrosion pipe fittings for oil and gas pipeline water conservancy projects



Executive standard :DIN30670 DIN30678 CSA Z245 AFNOR nf49-710/711 NACE rp0394/0490 AWWAC 210/C213GB/T9711 API 5L ISO 3183Material: Q235B/Q355BGR A GR B x42-x80 l245-l555

 

Business scope: 21.3mm-3620mmLSAW submerged arc welded pipe 325-2020mmERW straight welded pipe 6mm-711mmSMLS seamless tube 10-1120mmSSAW spiral steel tube 219-3620mmDemand for quality suppliers and partners