Dry Bulk Weekly – January 24, 2011
(For The Week Ending January 21, 2011)
Baltic dry index fell 4.8% last week; Capesize Index was down 2.4%; Panamax Index fell 14.2%; Supramax Index rose 2.4%; Handysize Index was up 1.6%.
Iron ore stockpiles in Chinese ports at all-time high, iron ore demand will be weaker because of lunar new year (February 3rd). All this looks quite negative for dry bulk 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