Tainted Alpha

(For The Week Ending March 1, 2013)

I don’t see any encouraging data for the dry bulk industry, we are probably years away from recovery.

Last week Baltic Dry Index rose 4.9%; Capesize Index was down 6.9%; Panamax Index rose 14.0%; Supramax Index was up 8.9%; Handysize Index rose 8.5%.

China steel and coal inventories edged up while their prices moved down. Iron ore inventory on the other hand moved down, while price showed some signs of recovery. Overall the demand in these markets seems weak.

 

Baltic Dry Index, China, Coal, Dry Bulk, Iron Ore, Shipping, Steel

This entry was posted on Wednesday, March 6th, 2013 at 3:44 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.