Dry Bulk Weekly – June 6, 2011

(For The Week Ending June 3, 2011)

Baltic dry index rose 1.5% last week; Capesize Index was up 8.1%; Panamax Index fell 4.1%; Supramax Index was down 1.0%; Handysize Index fell 1.9%.

Thermal coal stockpiles ticked up but are still at extremely low levels; Steel stockpiles fell but stocks are high; Iron ore stockpiles recorder a massive rise reaching new record high. Prices still strong.

Iron ore inventory rise could be a early warning sign of stronger than expected China slowdown.

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This entry was posted on Monday, June 6th, 2011 at 6:08 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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