BDI down to 1830 levels. Dropped 10 pct since feb 11. Will be in China in a week or two visiting some steelmakers. Landed price for Iron ore in China now usd 85 dollars which starts to make marginal sence for the marginal producers.
Im still bullish short mid term.
Cheers
www.thevirtualshipbroker.blogspot.com
baltic dry index still rising..up 159 to 1974, page-3
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