Dry Bulk Weekly – September 5, 2011

September 5th, 2011 by Belisarius

(For The Week Ending September 2, 2011)

Baltic dry index rose 12.9% last week; Capesize Index was up 26.8%; Panamax Index fell 1.3%; Supramax Index was down 0.6%; Handysize Index rose 0.4%.

My feeling is that the rate increases are mostly sentiment driven and not backed by supply and demand fundamentals.

Iron ore inventory close to all time high, price edging up; Steel inventory and price stable; Coal inventory and price also stable.

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This entry was posted on Monday, September 5th, 2011 at 6:41 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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