Dry Bulk Weekly – October 3, 2011
Baltic dry index fell 1.5% last week; Capesize Index was down 5.2%; Panamax Index rose 4.5%; Supramax Index was up 0.9%; Handysize Index rose 6.6%.
Archive for the ‘China’ Category
Dry Bulk Weekly – September 26, 2011
Baltic dry index rose 8.8% last week; Capesize Index was up 17.1%; Panamax Index fell 5.4%; Supramax Index was up 2.0%; Handysize Index rose 1.3%.
Iron ore inventory close to all time high, price unchanged; Steel inventory and price mostly unchanged; Coal inventory down, price stable.
Dry Bulk Weekly – September 19, 2011
Baltic dry index fell 3.3% last week; Capesize Index was down 8.0%; Panamax Index rose 3.0%; Supramax Index was up 2.7%; Handysize Index fell 1.2%.
China Retail Sales Up 17.0% In August
China retail sales rose 17.0% y-o-y in August vs. 17.2% July reading. Consensus was at 17.0%.
Industrial Production In China Rose 13.5% In August
Industrial production in China rose 13.5% y-o-y in August; July reading was at 14.0%. Consensus was at 13.7%.
China August CPI Inflation At 6.2%; PPI Inflation At 7.3%
China Consumer Price Index was up 6.2% in August, vs. 6.2% consensus and 6.5% July reading. Food inflation moderated from 14.8% in July to 13.4% in August.
China Producer Price Index was up 7.3% vs. 7.2% consensus and 7.5% July reading.
Judging from recent data it is possible that inflation has peaked for this year.
Dry Bulk Weekly – September 5, 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.
August China Official PMI At 50.9; HSBC/Markit China PMI At 49.9
Official (China Federation of Logistics & Purchasing and National Bureau of Statistics) China PMI rose form 50.7 to 50.9; Consensus was at 51.0.
HSBC/Markit PMI rose from 59.3 to 49.9.
Dry Bulk Weekly – August 29, 2011
Baltic dry index rose 5.4% last week; Capesize Index was up 5.7%; Panamax Index rose 2.6%; Supramax Index was up 3.7%; Handysize Index rose 2.9%.
My feeling is that the rate increases are mostly sentiment driven and not backed by supply and demand fundamentals.
Iron ore inventory at new all time high, price edging up; Steel inventory and price stable; Coal inventory and price also stable.
Dry Bulk Weekly – August 22, 2011
Baltic dry index rose 13.6% last week; Capesize Index was up 19.9%; Panamax Index rose 5.9%; Supramax Index was up 6.6%; Handysize Index rose 0.9%.
Dry Bulk Weekly – August 16, 2011
Baltic dry index rose 1.5% last week; Capesize Index was up 2.6%; Panamax Index rose 2.2%; Supramax Index was up 0.4%; Handysize Index fell 2.7%.
Iron ore inventory at all time high, price unchanged; Steel inventory and price stable; Thermal coal inventory and price stable.
China Trade Balance Surplus Larger Than Expected In July
China trade balance was reported at USD 31.5 billion vs. USD 22.3 billion in June and USD 27.4 billion consensus. Export and import growth were running at 20.4 and 22.9 percent vs. 17.9 and 19.3 percent y-o-y in June.
Strong set of figures.
China July CPI Inflation At 6.5%; PPI Inflation At 7.5%
China Consumer Price Index was up 6.5% in July, vs. 6.4% consensus and 6.4% June reading. Food inflation jumped 14.8%, up from June’s 14.4%. The government’s target for the year was at 4%.
China Producer Price Index was up 7.5% vs. 7.5% consensus and 7.1% June reading. This suggests rising CPI.
Difficult position for China, the economy is slowing down and inflation is rising.
Dry Bulk Weekly – August 8, 2011
Baltic dry index rose 0.3% last week; Capesize Index was up 3.1%; Panamax Index fell 2.2%; Supramax Index was down 0.7%; Handysize Index fell 2.4%.
Iron ore and steel inventory not reported; prices stable. Thermal coal inventory and price stable.
July China Official PMI At 50.7; HSBC/Markit China PMI At 49.3
Official (China Federation of Logistics & Purchasing and National Bureau of Statistics) China PMI fell form 50.9 to 50.7; HSBC/Markit PMI fell from 50.1 to 49.3.
Slowdown reflected in PMI’s is (still) not reflected in industrial production growth.