Global Macro Perspectives
Baltic dry index fell 0.1% last week; Capesize Index was up 3.6%; Panamax Index fell 9.9%; Supramax Index was down 1.2%; Handysize Index fell 1.2%.
Iron ore inventory at all time high, price unchanged. Steel inventory declining, price stable. Massive increase in coal stockpiles, price also stable.
Baltic dry index fell 0.1% last week; Capesize Index was up 3.6%; Panamax Index fell 9.9%; Supramax Index was down 1.2%; Handysize Index fell 1.2%.
Large increase in coal stockpiles, no major changes in other categories.
Baltic dry index rose 0.1% last week; Capesize Index was up 8.2%; Panamax Index fell 7.8%; Supramax Index was up 0.2%; Handysize Index fell 1.8%.
Iron ore inventory high, price moved lower; Both steel inventory and price moved lower; In coal both price and inventory moved up. Historically speaking coal inventory is low.
Baltic dry index rose 0.4% last week; Capesize Index was up 5.1%; Panamax Index fell 0.7%; Supramax Index was down 2.2%; Handysize Index fell 2.0%.
No major changes in both price or inventory of iron ore, steel and coal.
Baltic dry index fell 4.8% last week; Capesize Index was down 10.5%; Panamax Index rose 7.6%; Supramax Index was down 6.1%; Handysize Index fell 2.1%.
Thermal coal stockpiles unchanged at extremely low levels; Steel stockpiles fell but stocks are high; Iron ore stockpiles at new record high. Prices still strong.
Baltic dry index rose 1.5% last week; Capesize Index was up 8.1%; Panamax Index fell 4.1%; Supramax Index was down 1.0%; Handysize Index fell 1.9%.
Thermal coal stockpiles ticked up but are still at extremely low levels; Steel stockpiles fell but stocks are high; Iron ore stockpiles recorder a massive rise reaching new record high. Prices still strong.
Iron ore inventory rise could be a early warning sign of stronger than expected China slowdown.
Baltic dry index rose 3.3% last week; Capesize Index was up 11.2%; Panamax Index fell 3.1%; Supramax Index was down 1.4%; Handysize Index fell 1.0%.
Thermal coal stockpiles are unchanged at extremely low levels; Steel stockpiles also unchanged but stocks high; Iron ore stockpiles near record high. Prices strong.
Baltic dry index fell 2.5% last week; Capesize Index was down 4.6%; Panamax Index fell 2.8%; Supramax Index was up 0.4%; Handysize Index fell 0.5%.
Large decrease in thermal coal stockpiles; steel stockpiles also fell, iron ore stockpiles unchanged. Prices strong. No sign of any China slowdown.
Baltic dry index rose 5.6% last week; Capesize Index was up 0.1%; Panamax Index rose 22.0%; Supramax Index was down 0.3%; Handysize Index fell 0.6%.
Commodities stockpiles were not released, but judging by the price action I suspect no major changes.
Baltic dry index rose 1.2% last week; Capesize Index was up 1.6%; Panamax Index rose 5.3%; Supramax Index was down 0.8%; Handysize Index fell 0.6%.
Huge drop in thermal coal stockpiles; Huge drop in steel inventory; Iron ore inventory unchanged. Prices are strong. Monetary tightening still not affecting Chinese commodity demand much.
Baltic dry index fell 5.8% last week; Capesize Index was down 3.0%; Panamax Index fell 10.7%; Supramax Index was down 3.0%; Handysize Index rose 1.3%.
Huge drop in thermal coal stockpiles; Huge drop in steel inventory; Rising inventory of iron ore. Prices are strong. Monetary tightening still not affecting Chinese commodity demand much.
Baltic dry index fell 9.5% last week; Capesize Index was down 10.0%; Panamax Index fell 11.9%; Supramax Index was down 3.6%; Handysize Index was unchanged.
Oversupply across the board…
Baltic dry index fell 4.1% last week; Capesize Index was down 0.7%; Panamax Index fell 7.4%; Supramax Index was down 5.7%; Handysize Index was up 0.9%.
Strong coal demand in China and increased iron ore demand ahead India monsoon season could support rates. Beside that the market is well supplied and nothing major happening.
Baltic dry index fell 2.0% last week; Capesize Index was down 10.8%; Panamax Index fell 1.8%; Supramax Index rose 2.9%; Handysize Index was up 3.4%.
To repeat: Judging from increase in dry bulk rates and an end of raw materials stockpiling economic activity in China is accelerating after the holidays.
Baltic dry index rose 16.0% last week; Capesize Index was up 32.5%; Panamax Index rose 7.5%; Supramax Index increased 4.2%; Handysize Index was up 3.7%.
Judging from increase in dry bulk rates and an end of raw materials stockpiling economic activity in China is accelerating after the holidays. Iron ore, steel and thermal coal prices down on increased stockpiles.