21.10.2011 - Baltic index edges higher, China imports watched
The Baltic Exchange's main sea freight index , which tracks rates to ship dry commodities, inched higher on Wednesday although a potential pullback in Chinese iron ore imports would put the put the brakes on a recent rally in the larger capesize market. Brokers said the market was watching to see if weaker-than-expected Chinese economic data issued on Tuesday would signal a pullback in raw materials demand, which would dent the dry freight market already struggling with a glut of vessels..............................................Full Article: Source
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