Dry Bulk Weekly – November 29, 2010

November 29th, 2010 by Belisarius

(For The Week Ending November 26, 2010)

Baltic dry index rose 0.7% last week; Capesize Index was down 8.3%; Panamax Index rose 14.3%; Supramax Index rose 7.0%; Handysize Index was unchanged.

Very nervous and volatile week. Markets again on crossroad; to reiterate my view: I expect rate recovery in near term, if rates fail to rebound and if Chinese commodity demand doesn’t return soon I would be very worried.

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


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This entry was posted on Monday, November 29th, 2010 at 6:09 am and is filed under 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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