Dry Bulk Weekly – January 10, 2011

January 10th, 2011 by Belisarius

(For The Week Ending January 07, 2011)

Baltic dry index fell 14.3% in the last two weeks; Capesize Index was down 20.5%; Panamax Index rose 4.9%; Supramax Index was down 10.2%; Handysize Index fell 7.1%.

Iron stockpiles & steel inventory mostly unchanged; Iron ore and steel prices stable. Today’s China trade balance data was weak and I would be careful until we find out whether is it government orchestrated year end slowdown or a genuine one.

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


 

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This entry was posted on Monday, January 10th, 2011 at 9:09 am and is filed under China, Commodities, Dry Bulk Weekly, Shipping. 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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