Dry Bulk Weekly – September 27, 2010
Baltic dry index fell 8.7% last week; Capesize Index was down 10.3%; Panamax Index fell 7.1%; Supramax Index fell 6.6%; Handysize Index was down 1.5%.
Baltic dry index is off 18.6% from recent peek.
Holiday season in China (Mid Autumn Festival – from September 22 to September 24 and National Day – from October 1 to October 7) is likely reason for BDI drop.
Stockpiles data not reported and iron ore and steel markets quiet because of holidays.
Chart 1. Baltic Dry Indexes Relative Performance
Chart 2. Baltic Dry Index
Chart 3. Baltic Dry Index Components
Chart 4. China Iron Ore Price Fines CFR Main China Port
Chart 5. China Domestic Hot Rolled Steel Sheet Spot Average Price
Chart 6. Iron Ore Inventory At Chinese Ports
Chart 7. China Total Steel Inventory