Dry Bulk Weekly – November 22, 2010
(For The Week Ending November 22, 2010)
Baltic dry index fell 6.8% last week; Capesize Index was down 2.4%; Panamax Index fell 13.8%; Supramax Index was down 8.4%; Handysize Index fell 5.4%.
Capsize Index started forming a bottom; Steel inventory falling; As I wrote last Monday I expect Chinese buyers returning to the market soon and substantial ramp up in iron ore imports.
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
Baltic Dry Index, China, Dry Bulk, Iron Ore, Shipping, Steel