| From Theaustralian.news.com.au: If you want to know what is likely to happen to commodities demand, watch the ships. Watchy both those that carry the bulks and those that deliver the finished products. The portents are not good in either case.
First, the Baltic Dry Index which reflects demand and prices for bulk carriers has hit its lowest point since November 2002 when metals demand was in the doldrums. The vessels that carry iron ore from Australia and Brazil constitute a large part of the index. .... Full Article: Source
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