Look at the chart. Look at the red line then look at the blue line. Like I said its way down from 2012.
Just in case you don’t understand the BDI it measures the cost of moving goods from one place to another. The lower the demand the lower the price. In this instance a low number is bad.
I’m still confused.
Here’s the data by month:
1/01/12 - 1738
2/01/12 - 638
3/01/12 - 763
4/01/12 - 934
5/01/12 - 1152
6/01/12 - 904
7/01/12 - 1013
8/01/12 - 878
9/01/12 - 698
10/01/12- 777
11/01/12- 1000
12/01/12- 1077
TODAY - 970
To me it looks like 7 months in 2012 this index was lower than it is now.