Baltic Dirty Tanker Index fell 2.2% last week while Baltic Clean Tanker Index fell 3.2%. Product rates underperformed crude rates by a wide margin in recent couple months. It was due to collapse of Atlantic product arbitrage and decrease in petrochemical feedstock demand (unfavorable margins). Both possible indication of a weaker demand. Chart 1. Baltic […]

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Consumer sentiment for March was at 73.6 vs. 73 consensus and 72.5 prior reading. Chart 1. University of Michigan/Reuters Consumer Sentiment

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