Dry Bulk Weekly – August 29, 2011

August 29th, 2011 by Belisarius

(For The Week Ending August 26, 2011)

Baltic dry index rose 5.4% last week; Capesize Index was up 5.7%; Panamax Index rose 2.6%; Supramax Index was up 3.7%; Handysize Index rose 2.9%.

My feeling is that the rate increases are mostly sentiment driven and not backed by supply and demand fundamentals.

Iron ore inventory at new all time high, price edging up; Steel inventory and price stable; Coal inventory and price also stable.

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This entry was posted on Monday, August 29th, 2011 at 6:38 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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