Dry Bulk Weekly – November 15, 2010

(For The Week Ending October 29, 2010)

Baltic dry index fell 5.7% last week; Capesize Index was down 7.9%; Panamax Index rose 6.3%; Supramax Index was down 7.4%; Handysize Index was down 3.1%.

Apparently China has slowed down the rate of purchases here also. Despite falling stockpiles Chinese buying is weak which means rates are falling.

I expect Chines buyers returning to the market soon; if this doesn’t happen I would be very worried.

Chart 1. Baltic Dry Indexes Relative Performance

Chart 2. Baltic Dry Index

Chart 3. Baltic Dry Index Components

Chart 4. Iron Ore Inventory At Chinese Ports And Iron Ore Price

Chart 5. China Total Steel Inventory & China Domestic Hot Rolled Steel Sheet Spot Average Price

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This entry was posted on Monday, November 15th, 2010 at 6:52 am and is filed under China, Commodities, Dry Bulk Weekly, Shipping. 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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