Industrial Minerals


Dry bulk bounces after Chinese holidays

13 October 2011


Shipping rates climb due to China’s return, end of Indian monsoon, and Japan steel

Dry bulk shipping rates kicked up this week after China returned from a week-long holiday and due to the end of the India monsoon, as well as rising Japanese steel demand for construction.The shipping market was also positive on bullish global steel forecasts and high demand for Brazilian iron ore.The Baltic Dry Index (BDI) was at 2127 on 12 October compared with 1908 on...