Dry Bulk Weekly – December 27, 2010
(For The Week Ending December 24, 2010)
Baltic dry index fell 11.3% last week; Capesize Index was down 13.8%; Panamax Index fell 9.4%; Supramax Index was down 7.4%; Handysize Index fell 1.2%.
I’m getting a little bit worried but to repeat last week’s comment: Iron stockpiles & steel inventory mostly unchanged; Iron ore and steel prices stable. No indication of any major disruptions in Chinese economy. Low rates are probably byproduct of excess supply of ships and seasonal factors (weaker construction steel demand in China during winter months).
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