Tainted Alpha

Baltic dry index fell 10.7% last week; Capesize Index was down 13.7%; Panamax Index also fell 13.7%; Supramax Indexes fell 1.7%; Handysize Index rose 0.6%,

China iron ore stockpiles moved sharply higher offsetting last week’s inventory draw.

We will probably see increased demand with the start of new quarter and lower iron ore benchmark prices.  Not much happening last week.

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

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

Baltic Dry Index, China, Dry Bulk, Iron Ore, Steel

This entry was posted on Monday, September 20th, 2010 at 5:56 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.