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Tag Archives: China’s markets

Overall, Dry Bulk Market Indicators Are Positive

04 Thursday Sep 2014

Posted by Angela Chao in Dry bulk shipping

≈ 2 Comments

Tags

America’s wheat exports, China, China’s demand for iron, China’s markets, coal market, coal prices, coal production, iron production

Iron ore and coal prices continue to be affected by China’s markets

Coal bituminous

Coal producers such as China and Indonesia are in various stages of new taxes, regulations and licensing

China’s demand for iron ore remained slow this past week, causing a drop in iron ore prices to 89.01 USD/ton, a low point for the year. At the same time, iron ore production has increased, hitting record levels. The lower prices precipitated an increase in imports, as importers were quick to take advantage. However, due to low producer demand, iron ore is sitting in inventory, driving up inventory levels to 109.3M tons in just the last week. A further drop in iron ore prices is expected, good news for Chinese importers who will continue saving money.

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About Me

Angela Chao
Chairman and C.E.O. of Foremost Group, a leading shipping and trading enterprise, Angela Chao is an active businesswoman who serves on several boards and loves to volunteer. Angela comes from a loving and supportive family of Chinese descent. The Chao family dedicate themselves to serving and contributing to society.

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Recent Posts

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  • Baltic Dry Index
  • Dry bulk shipping
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Tags

Baltic Capesize Index BDI Capesize rates China Chinese economy coal imports coal shipping Crude Oil Dalian Commodity Exchange dry bulk market dry bulk shipping dry bulk shipping market freight rates iron ore Iron ore prices iron ore shipping Iron ore shipping vessels shipping industry steel steel industry

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