Archive for January 17th, 2011

China NDRC Property Index Rose 6.4% In December

Housing and commercial real-estate prices in China rose 6.4% y-o-y in December compared with 7.7% reading in November and 7.0% consensus. On monthly level the prices were up 0.3% same as in November.

Adding to China worries, it’s positive that the growth in real-estate value is moderating, but the risk (and fear) is that the prices could start falling.

Dry Bulk Weekly – January 17, 2011

Baltic dry index fell 5.3% last week; Capesize Index was down 14.5%; Panamax Index fell 0.7%; Supramax Index rose 3.9%; Handysize Index fell 0.6%.
Iron ore stockpiles have risen a bit despite Queensland floods, that’s kind of worrying because despite Queensland supply disruptions there is no apparent physical lack of iron ore. On the other hand it seems Baltic dry index is forming a bottom at 1.500 level.


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