DJ MARKET TALK: BDI Rally In Part Due Severe China Drought - SHKF
0421 GMT [Dow Jones] Slipping under most investors' radar screen, recent BDI rally
in part driven by expectations China will have to import grains amid severe drought
there, says SHK Financial's Castor Pang; 4-month drought in northern China is worst
in 50 years, according to media reports. If view correct, then recent BDI rally
shouldn't been read as sure sign of full-fledged recovery of China's industrial
activities, Pang says. HK-listed dry bulk shippers mixed, some taking breather after
hefty gains recently. China Cosco (1919.HK) +2.3% at HK$5.84, China Shipping (1138.HK)
down 1.0% at HK$8.55, Pacific Basin (2343.HK) +0.4% at HK$4.96.(RLI)
baltic dry index still rising..up 173 to 1815, page-14
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Last
$42.30 |
Change
0.760(1.83%) |
Mkt cap ! $214.5B | |||
| Open | High | Low | Value | Volume |
| $41.32 | $42.30 | $41.18 | $505.2M | 12.01M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1220 | $42.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.30 | 12134 | 2 |
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