haydete

Unbelievable! What a Day

cute writing, but a waste of time.

Consensus Economist Estimates

This qualifies them to work at the Weather Channel.

Black Tuesday Turns Golden

bad timing on that CNH buy, huh.

Baltic Dry Freight Index Indicates Impending Recession

Given that part of the run-up in the BDI was due to congestion at one Australian port, here's an article explaining why many ships will be "out of work" for a while. It helps explain the see-saw in price, maybe.

From Mineweb
www.mineweb.com/minewe...

In the meantime, Forbes reported Monday, that "with an iron ore port closing outside of Rio de Janeiro and increasing uncertainty around upcoming iron ore negotiations, the demand for dry bulk ships, as well a charter rates, have fallen." Vale announced last week that the Itagui maritime terminal in Rio de Janeiro would be closed for a few weeks for repairs after an accident last month damaged the facility.

Jefferies & Co. analyst Douglas J. Mavrinac told Forbes that "by not having the volumes on the water it has caused the spot price of iron ore to increase and created a tighter market which benefits the miners when it comes to negotiation." Maximum Group analyst Charles Rupinski said a lot of ships aren't getting hired because of the upcoming iron ore negotiations because companies want to know how much iron ore will cost before hiring a ship. If prices increase with iron ore comprising 25% of all dry bulk trade, Rupinski forecast that more ships will be hired.

Baltic Dry Freight Index Indicates Impending Recession

Yes, BDI is the cost (not quantity, share price, or availability) of shipping dry goods such as ores, grains, etc. Perhaps it would be more indicative to see if the projected shipping volumes are also down, not the price of shipping them. Business (the Chinese?) will always look to chop the expense from their supply chain, and this is one of them.