HARPEX Container Freight Index
Despite a 30 day decline in the Baltic Dry Index, the container freight index is rising.
Collin Twiggs had this to say about the rising container index and steel prices today
"This leads me to believe that steel (?) (iron ore and coal?) stockpiled during the worst of the financial crisis is now being used for production, resulting in a down-turn in imports without a corresponding fall in manufactured exports — which remain in a healthy up-trend."
No comments:
Post a Comment