Baltic drying out.
Investors Chronicle - magazine and web content, June, 2009
Byline: Julian Hofmann
ANALYSIS: Yet another correction in the Baltic Dry Index points to a drift in China's imports
The Baltic Dry Index (BDI) has taken a further tumble, nearly 6 per cent, after the volume of iron ore imports into China slowed from the frenetic pace of the past three months, pointing towards at least a significant pause in the index's recent upward trajectory.
As we pointed out in May (see China buying boosts Baltic http://www.investorschronicle.co.uk/Companies/ByEvent/Indicators/Analysis/article/20090513/58523d54-3fa9-11de-a064-00151 71400aa/China-buying-boosts-Baltic-index.jsp China buying boosts Baltic) that uptick was driven largely by a surge in Chinese imports of basic raw materials like iron ore. And the scale of...
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