Dry Bulk Weekly – January 17, 2011

January 17th, 2011 by Belisarius

(For The Week Ending January 14, 2011)

Baltic dry index fell 5.3% last week; Capesize Index was down 14.5%; Panamax Index fell 0.7%; Supramax Index rose 3.9%; Handysize Index fell 0.6%.

Iron ore stockpiles have risen a bit despite Queensland floods, that’s kind of worrying because despite Queensland supply disruptions there is no apparent physical lack of iron ore. On the other hand it seems Baltic dry index is forming a bottom at 1.500 level.

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 17th, 2011 at 6:23 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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