Baltic Dry Index Off 14.5% From Its Recent Peek

September 22nd, 2010 by Belisarius

In last 7 sessions Baltic Dry Index declined 14.5%. This is little bit surprising since with the start of new quarter lower iron ore price kicks in.

Maybe holiday season (Mid Autumn Festival –  from September 22 to September 24  and National Day – from October 1 to October 7)…

Chart 1. Baltic Dry Index

Source: Bloomberg

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This entry was posted on Wednesday, September 22nd, 2010 at 4:29 am and is filed under China, Commodities. 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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