Dry Bulk Weekly – September 6, 2010
Baltic dry index rose 6.0% last week; Capesize Index was up 14.1%; Panamax Index rose 4.8%; Supramax and Handysize Indexes lost 5.5% and 1.2% respectively.
China steel prices ticking up, bringing some demand to the shipping markets.
Chart 1. Baltic Dry Indexes Relative Performance
Source: Bloomberg
Chart 2. Baltic Dry Index
Source: Bloomberg
Chart 3. Baltic Dry Index Components
Source: Bloomberg
Chart 4. China Iron Ore Price Fines CFR Main China Port
Source: Bloomberg
Chart 5. China Domestic Hot Rolled Steel Sheet Spot Average Price
Source: Bloomberg
Chart 6. Iron Ore Inventory At Chinese Ports
Source: Bloomberg
Chart 7. China Total Steel Inventory
Source: Bloomberg
