The Baltic Dry Index (BDI), which tracks shipping rates for dry bulk cargo, is currently operating at unusually high levels for this time of year, reflecting a notable recovery ahead of the Chinese New Year festivities. This increase continued until February 6, 2026, when a market correction was observed. Historically, dry bulk market indices tend to weaken during the holiday season due to seasonal disruptions; however, this year's indicators are significantly higher compared to the early months of 2025.

Analyst Maria Bertzelatou from Signal pointed out that on February 6, 2026, the BDI closed at more than double compared to the same period in the previous year, indicating robust activity in the dry cargo market. A key aspect of this growth is the performance of capesize vessels, as demonstrated by comparisons with the Baltic Capesize Index (BCI), highlighting these ships as a crucial driver of the index's strength.

The sustained resilience of the dry cargo market is largely attributed to steady flows of iron ore and the prevailing steel production mix in China. As demand continues to rise in anticipation of the festivities, analysts are optimistic about the market's prospects in the near term, suggesting that these factors could keep the BDI at elevated levels even amidst expected seasonal adjustments.