Dry Bulk Weekly – May 2, 2011

May 2nd, 2011 by Belisarius

(For The Week Ending April 28, 2011)

Baltic dry index rose 1.2% last week; Capesize Index was up 1.6%; Panamax Index rose 5.3%; Supramax Index was down 0.8%; Handysize Index fell 0.6%.

Huge drop in thermal coal stockpiles; Huge drop in steel inventory;  Iron ore inventory unchanged. Prices are strong. Monetary tightening still not affecting Chinese commodity demand much.

 

, , , , , ,

This entry was posted on Monday, May 2nd, 2011 at 5:50 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.

Comments are closed.

 
Get Adobe Flash player