Dry Bulk Weekly – September 19, 2011
Baltic dry index fell 3.3% last week; Capesize Index was down 8.0%; Panamax Index rose 3.0%; Supramax Index was up 2.7%; Handysize Index fell 1.2%.
Archive for September, 2011
Tanker Weekly – September 19, 2011
Baltic Dirty Tanker Index rose 0.4%; Baltic Clean Tanker Index fell -1.7%.
U.S. Freight Carloads Weekly – September 16, 2011
U.S. railroads originated 278,382 carloads, down 0.3% compared with the same week in 2010 and down 6.4% in relation to 5-year average. Week over week change was -8.2% (labor day).
September University of Michigan Consumer Sentiment Preliminary Reading At 57.8
September University of Michigan Consumer Sentiment preliminary reading was reported at 57.8 vs. 57.0 consensus and 55.7 August reading.
U.S. Natural Gas Weekly – September 16, 2011
Working gas in storage rose 87 Bcf from previous week. Consensus was at 82 Bcf.
Storage level is 155 Bcf lower than same time year ago and bellow 5-year average.
U.S. Petroleum Weekly – September 15, 2011
On the supply side we had large crude oil draw in the last two weeks because hurricanes in the gulf. Demand anemic. I still believe that the macro data will be the main factor driving the price of oil. Overall I expect volatile trading with no clear trend.
September Empire State Manufacturing At -8.8; U.S. Industrial Production Rose 0.2% In August
Empire State Manufacturing General Business Conditions Index for June came out at -8.8 vs. -4.0 consensus and prior reading of -7.7.
U.S. industrial production rose 0.2% in August. Consensus was at 0.0%, July reading was at 0.9%. On year level industrial production is up 3.3%.
U.S. Consumer Price Index Rose 0.4% In August
U.S. consumer price index rose 0.4% in August vs. 0.2% consensus and July reading of 0.5%. On year level CPI inflation is running at 3.8%.
U.S. Initial Jobless Claims At 428.000; Up 11.000
Initial jobless claims in the U.S. were reported at 428.000 vs. 411.000 consensus and last week revised (up 6.000) reading of 417.000.
U.S. Petroleum Weekly – September 9, 2011
It’s all about global macro picture now and that doesn’t look promising.
U.S. Freight Carloads Weekly – September 9, 2011
U.S. railroads originated 303,260 carloads, down 0.6% compared with the same week in 2010 and right at the 5-year average. Week over week change was +1.1%.
Nothing pointing to recession here.
China Retail Sales Up 17.0% In August
China retail sales rose 17.0% y-o-y in August vs. 17.2% July reading. Consensus was at 17.0%.
Industrial Production In China Rose 13.5% In August
Industrial production in China rose 13.5% y-o-y in August; July reading was at 14.0%. Consensus was at 13.7%.
China August CPI Inflation At 6.2%; PPI Inflation At 7.3%
China Consumer Price Index was up 6.2% in August, vs. 6.2% consensus and 6.5% July reading. Food inflation moderated from 14.8% in July to 13.4% in August.
China Producer Price Index was up 7.3% vs. 7.2% consensus and 7.5% July reading.
Judging from recent data it is possible that inflation has peaked for this year.
U.S. Natural Gas Weekly – September 9, 2011
Working gas in storage rose 64 Bcf from previous week. Consensus was also at 64 Bcf.
Storage level is 139 Bcf lower than same time year ago and bellow 5-year average.