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Baltic Index outlook weak

Posted on 02 May 2011

The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, rose for the second day on Thursday helped by modest iron ore sales to China.
The index rose 0.79 percent or 10 points to 1,269 points. Prior to the first gain on Wednesday, the index had fallen for 19 straight sessions. Brokers said iron ore and coal sales to China this week had boosted activity……………………………………….Full Article: Source


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