Looks like the BDI is forming a bottom. It could be that demand for industrial commodities is growing temporarily.
It is very important to know that the BDI doesn't correlate very well with commodity prices, but it correlates excellently with demand. If demand picks up in the coming months, we could see gains in stocks while people flee the dollar cash.
|Baltic Dry Index|
|Baltic Panamax Index|
|Baltic Supramax Index|