Dry Bulk Weekly – May 23, 2010

Baltic dry index fell 2.2% last week, this time on the back of 10.1% Capesize Index loss. Panamax, Supramax and Handysize Index all recorded gains and outperformed the broader index.

We had weaker spot iron ore prices, weaker China steel prices and higher iron ore and thermal coal stockpiles. Capesize activity decreased in the recent couple of weeks.

If these trends continue, a lot of questions on the global capital markets and global economy could be answered.

Chart 1. Baltic Dry Indexes Relative Performance

Source: Bloomberg

Chart 2. Baltic Dry Index

Source: Bloomberg

Chart 3. Baltic Dry Index Components

Source: Bloomberg

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This entry was posted on Sunday, May 23rd, 2010 at 1:50 pm and is filed under China, Commodities, Dry Bulk Weekly. 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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