Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Baltic Dry sees first reversal since January 20

Baltic Dry sees first reversal since January 20

Dalian: As predicted, after a 17-day winning streak in which the index rallied by 136%, the Baltic Dry Index fell 3.2% yesterday and is back below 2,000 for its first daily decline since January 20th. Even after the decline, the index is still up 200% from its low of 663 back in December. Iron ore stockpiles in China have leapt in the past five weeks and steel prices are beginning to wane suggesting the dry bulk surge has come to an end, something borne out by the softening FFA market.  [13/02/09]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.