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Baltic Dry Index to Push Through 4,000 points? | Hellenic Shipping News Worldwide

Baltic Dry Index to Push Through 4,000 points? Commodity markets were shaken over the weekend when news got out about the Chinese government warning “speculators” and “hoarders” in commodity markets about price fixing activities. But let’s be clear, the Chinese authority, the National Development and Reform Commission, has been making vague accusations and threats, rather than identifying instances of malpractice. In this press release (https://www.ndrc.gov.cn/xwdt/xwfb/202105/t20210524 1280583.html) of 24 May, China’s National Development and Reform Commission, notes that, “since the beginning of this year, the prices of some bulk commodities have continued to rise sharply, and the prices of some varieties have reached new highs, which has attracted widespread attention from all sides. This round of price increases is the result of multiple factors, including international transmission factors, but also in many aspects that reflect excessive speculation, disrupting t

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