Dry Bulk Update – March 6, 2013

(For The Week Ending March 1, 2013)

I don’t see any encouraging data for the dry bulk industry, we are probably years away from recovery.

Last week Baltic Dry Index rose 4.9%; Capesize Index was down 6.9%; Panamax Index rose 14.0%; Supramax Index was up 8.9%; Handysize Index rose 8.5%.

China steel and coal inventories edged up while their prices moved down. Iron ore inventory on the other hand moved down, while price showed some signs of recovery. Overall the demand in these markets seems weak.

TaintedAlpha.com Baltic Dry Indexes - Performance 01-03-2013

TaintedAlpha.com Baltic Dry Index 01-03-2013

TaintedAlpha.com Baltic Dry Indexes - Components 01-03-2013

TaintedAlpha.com Iron Ore Inventory At Chinese Ports And Price 01-03-2013

TaintedAlpha.com China Steel Inventory & Steel Price 01-03-2013

TaintedAlpha.com China Thermal Coal Stockpiles & Coal Price 01-03-2013

TaintedAlpha.com Dry Bulk DWT In Service 01-03-2013

TaintedAlpha.com Bulk Orderbook - Percentage Of Fleet In Service 01-03-2013


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This entry was posted on Wednesday, March 6th, 2013 at 3:44 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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