Global Macro Perspectives
Baltic dry index fell 4.6% last week; Capesize Index was up 1.1%; Panamax Index fell 13.6%; Supramax Index was down 3.4%; Handysize Index rose 1.1%.
Iron stockpiles & steel inventory mostly unchanged; Iron ore and steel prices stable. No indication of any major disruptions in Chinese economy. Low rates are probably byproduct of excess supply of ships and seasonal factors (weaker construction steel demand in China during winter months).
Baltic dry index fell 3.4% last week; Capesize Index was down 9.7%; Panamax Index fell 1.1%; Supramax Index rose 4.8%; Handysize Index was up 1.7%.
Iron stockpiles ticked up a bit; Steel inventory falling.
Baltic dry index fell 0.1% last week; Capesize Index was down 7.7%; Panamax Index rose 2.2%; Supramax Index rose 7.2%; Handysize Index was up 3.6%.
Stockpiles of iron ore and steel are falling, so we have no prof of falling demand in China (jet). I still expect Chinese buyers returning to the market and propping rates.
It look like it will bottom last week, but it keeps on coming down…
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.
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.
Commodities imports stalling; Baltic Dry Index again collapsing; Equities sharply lower…
Baltic dry index fell 5.7% last week; Capesize Index was down 7.9%; Panamax Index rose 6.3%; Supramax Index was down 7.4%; Handysize Index was down 3.1%.
Apparently China has slowed down the rate of purchases here also. Despite falling stockpiles Chinese buying is weak which means rates are falling.
(For The Week Ending October 29, 2010) Baltic dry index fell 1.8% last week; Capesize Index was down 2.5%; Panamax Index rose 8.6%; Supramax Index was down 2.3%; Handysize Index was down 5.6%. Chinese demand strong, supply of available ships is enough to keep prices at current level. Chart 1. Baltic Dry Indexes Relative Performance Chart 2. […]
Baltic dry index fell 1.3% last week; Capesize Index was up 0.6%; Panamax Index fell 1.6%; Supramax Index was down 3.6%; Handysize Index was down 4.4%. Not much happening here. 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 […]
Baltic dry index rose 2.4% last week; Capesize Index was up 6.6%; Panamax Index fell 6.2%; Supramax Index was down 1.9%; Handysize Index was down 3.8%. Capesizes still leading on iron ore demand from China. Strange that other vessel classes and not following… Chart 1. Baltic Dry Indexes Relative Performance Chart 2. Baltic Dry Index Chart […]
Baltic dry index rose 10.0% last week; Capesize Index was up 19.2%; Panamax Index fell 0.4%; Supramax Index rose 2.8%; Handysize Index was down 0.5%. So, capesizes again leading. Strong iron ore demand from China. Chart 1. Baltic Dry Indexes Relative Performance Chart 2. Baltic Dry Index Chart 3. Baltic Dry Index Components Chart 4. […]
Baltic dry index rose 0.3% last week; Capesize Index was up 9.5%; Panamax Index fell 11.3%; Supramax Index fell 1.9%; Handysize Index was down 2.9%. So, capesize gains offset other component losses. Data flow is tainted by holiday season in China (Mid Autumn Festival – from September 22 to September 24 and National Day – from October 1 to […]
Interesting chart today in Bloomberg’s Chart of the Day by Norwegian Arctic Securities. A slowing merchant shipping fleet isconcealing capacity that will undermine the industry’s recoveryas world trade quickens, according to Arctic Securities ASA, anOslo-based investment bank. The biggest reduction occurred in container shipping, wherespeeds dropped by 20 percent from their peak, according toArctic estimates. […]
Baltic dry index fell 8.7% last week; Capesize Index was down 10.3%; Panamax Index fell 7.1%; Supramax Index fell 6.6%; Handysize Index was down 1.5%. Baltic dry index is off 18.6% from recent peek. Holiday season in China (Mid Autumn Festival – from September 22 to September 24 and National Day – from October 1 to October […]