Dry Bulk Weekly – November 15, 2010
(For The Week Ending October 29, 2010)
Baltic dry index fell 5.7% last week; Capesize Index was down 7.9%; Panamax Index rose 6.3%; Supramax Index was down 7.4%; Handysize Index was down 3.1%.
Apparently China has slowed down the rate of purchases here also. Despite falling stockpiles Chinese buying is weak which means rates are falling.
I expect Chines buyers returning to the market soon; if this doesn’t happen I would be very worried.
Chart 1. Baltic Dry Indexes Relative Performance
Chart 2. Baltic Dry Index
Chart 3. Baltic Dry Index Components
Chart 4. Iron Ore Inventory At Chinese Ports And Iron Ore Price
Chart 5. China Total Steel Inventory & China Domestic Hot Rolled Steel Sheet Spot Average Price
Baltic Dry Index, China, Dry Bulk, Iron Ore, Shipping, Steel