Dry Bulk Weekly – September 13, 2010

September 13th, 2010 by Belisarius

Baltic dry index rose 4.1% last week; Capesize Index was up 2.1%; Panamax Index rose 8.7%; Supramax and Handysize Indexes gained 2.7% and 1.1% respectively.

Iron ore stockpiles moved sharply lower, suggesting demand will be solid in near-term.

Chart 1. Baltic Dry Indexes Relative Performance

Source: Bloomberg

Chart 2. Baltic Dry Index

Source: Bloomberg

Chart 3. Baltic Dry Index Components

Source: Bloomberg

Chart 4. China Iron Ore Price Fines CFR Main China Port

Source: Bloomberg

Chart 5. China Domestic Hot Rolled Steel Sheet Spot Average Price

Source: Bloomberg

Chart 6. Iron Ore Inventory At Chinese Ports

Source: Bloomberg

Chart 7. China Total Steel Inventory

Source: Bloomberg

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This entry was posted on Monday, September 13th, 2010 at 4:58 am and is filed under China, Commodities, Dry Bulk Weekly. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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