June ISM Manufacturing Index At 49.7
ISM Manufacturing Index was reported at 49.7 vs. prior reading of 53.5 and consensus of 52.0.
Global Macro Perspectives
ISM Manufacturing Index was reported at 49.7 vs. prior reading of 53.5 and consensus of 52.0.
HSBC/Markit PMI fell from 48.4 to 48.2.
It’s been a while a posted my last post. My day job has become really exhaustive and it’s quite difficult for me to find time to write. I hope I will manage to post at least a couple of posts per week in the future.
In the mean time all things China (including shipping) has deteriorated further.
Baltic dry index rose 2.7% last week; Capesize Index was up 3.0%; Panamax Index fell 6.1%; Supramax Index was up 6.6%; Handysize Index rose 2.0%.
Iron ore inventory at Chinese ports mostly flat, price moved lower. Steel stockpiles fell further, but remained at elevated levels while price moved lower. Thermal coal inventory at all-time high, price moved lower.