Dry Bulk Weekly – May 2, 2011

(For The Week Ending April 28, 2011)

Baltic dry index rose 1.2% last week; Capesize Index was up 1.6%; Panamax Index rose 5.3%; Supramax Index was down 0.8%; Handysize Index fell 0.6%.

Huge drop in thermal coal stockpiles; Huge drop in steel inventory;  Iron ore inventory unchanged. Prices are strong. Monetary tightening still not affecting Chinese commodity demand much.

 

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This entry was posted on Monday, May 2nd, 2011 at 5:50 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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