Dry Bulk Weekly – December 6, 2010
(For The Week Ending December 3, 2010)
Baltic dry index fell 0.1% last week; Capesize Index was down 7.7%; Panamax Index rose 2.2%; Supramax Index rose 7.2%; Handysize Index was up 3.6%.
Stockpiles of iron ore and steel are falling, so we have no prof of falling demand in China (jet). I still expect Chinese buyers returning to the market and propping rates.
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