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



 

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This entry was posted on Monday, January 24th, 2011 at 8:17 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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