Baltic dry index fell 10.7% last week; Capesize Index was down 13.7%; Panamax Index also fell 13.7%; Supramax Indexes fell 1.7%; Handysize Index rose 0.6%,
China iron ore stockpiles moved sharply higher offsetting last week’s inventory draw.
We will probably see increased demand with the start of new quarter and lower iron ore benchmark prices. Not much happening last week.
Chart 1. Baltic Dry Indexes Relative Performance
Chart 2. Baltic Dry Index
Chart 3. Baltic Dry Index Components
Chart 4. China Iron Ore Price Fines CFR Main China Port
Chart 5. China Domestic Hot Rolled Steel Sheet Spot Average Price
Chart 6. Iron Ore Inventory At Chinese Ports
Chart 7. China Total Steel Inventory