Dry Bulk Weekly – December 20, 2010

(For The Week Ending December 17, 2010)

Baltic dry index fell 4.6% last week; Capesize Index was up 1.1%; Panamax Index fell 13.6%; Supramax Index was down 3.4%; Handysize Index rose 1.1%.

Iron stockpiles & steel inventory mostly unchanged; Iron ore and steel prices stable. No indication of any major disruptions in Chinese economy. Low rates are probably byproduct of excess supply of ships and seasonal factors (weaker construction steel demand in China during winter months).

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, December 20th, 2010 at 4:20 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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