Dry Bulk Weekly – August 1, 2011
Baltic dry index fell 4.5% last week; Capesize Index was down 5.0%; Panamax Index fell 1.6%; Supramax Index was down 0.9%; Handysize Index fell 3.0%.
Posts Tagged ‘Steel’
Dry Bulk Weekly – July 25, 2011
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.
Dry Bulk Weekly – July 4, 2011
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.
Dry Bulk Weekly – June 27, 2011
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.
Dry Bulk Weekly – June 20, 2011
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.
Dry Bulk Weekly – June 13, 2011
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.
Dry Bulk Weekly – June 6, 2011
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.
Dry Bulk Weekly – May 23, 2011
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.
Dry Bulk Weekly – May 16, 2011
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.
Dry Bulk Weekly – May 9, 2011
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.
Monthly Strategy – May 2011
Mostly unchanged from April…
Dry Bulk Weekly – May 2, 2011
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.
Dry Bulk Weekly – April 18, 2011
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.
Dry Bulk Weekly – April 11, 2011
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…
Monthly Strategy – April 2011
I have lost flair in making predictions. I even started to think that correct forecasting is impossible. Maybe it is better to look at forecasting only as to the extent “what if” exercise. That’s why this is the first strategy post this year.
I have to come to conclusion that the only relevant judgement on is made by market and this is the key in being a successful in this line of business. What is fair, what is right or what is logical are completely irrelevant questions in speculating. Fundamentals are most of the time only a peripheral factors affecting the prices; in fact fundamentals are major factor only in times of great excesses.
Now, lets get back to writing down my current mind setup.