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Baltic Exchange Dry Index

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    Worlds largest producer of Aluminum

    Rank Country 1970 1980 1990 2000 20031. VR China 135 350 860 2.830 4.300

    2. Russia 1.623 2.244 2.040 2.884 3.200

    3. Canada 972 1.075 1.567 2.373 2.800

    4. The USA 3.607 4.654 4.048 3.668 2.750

    5. Australia 204 304 1.235 1.769 1.877

    6. Norway 527 662 871 1.030 1.192

    7. Brazil 56 261 931 1.270 1.000

    8. India 161 185 433 665 798

    9. France 381 432 326 701 716

    10. South Africa 53 80 160 674 665

    11. Germany 488 791 720 644 660

    12. Venezuela 70 328 599 560 592

    13. Bahrain 78 171 350 400 532

    14. Spain 119 387 355 365 389

    15. New Zealand 88 156 260 330 370

    16. Great Britain 140 374 290 304 343

    17. VAE 68 149 180 300 340

    18. Tadschikistan 127 176 160 300 300

    19. The Netherlands 75 258 210 302 278

    20. Iceland 39 74 94 226 266

    ... World 10.320 16.064 22.378 23.331 25.291

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    This is a list of countries by steel production from 2007 to2009, based on data provided by the World SteelAssociation, accessed in August 2010[1]

    Crude steel production (million tonnes):

    Rank Country/Region 2007 2008 2009

    World 1,351.3 1326.5 1,219.7

    1 People's Republic of China 494.9 500.5 567.8

    European Union 209.7 198.0 139.1

    2 Japan 120.2 118.7 87.5

    3 Russia 72.4 68.5 59.9

    4 United States 98.1 91.4 58.1

    5 India 53.1 55.2 56.6

    6 South Korea 51.5 53.6 48.6

    7 Germany 48.6 45.8 32.7

    8 Ukraine 42.8 37.1 29.8

    9 Brazil 33.8 33.7 26.5

    10 Turkey 25.8 26.8 25.3

    11 Italy 31.6 30.6 19.7

    12 Taiwan 20.9 19.9 15.7

    13 Spain 19.0 18.6 14.3

    14 Mexico 17.6 17.2 14.2

    15 France 19.3 17.9 12.8

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    16 Iran 10.1 10.0 10.9

    17 United Kingdom 14.3 13.5 10.1

    18 Canada 15.6 14.8 9.0

    19 South Africa 9.1 8.3 7.5

    20 Poland 10.6 9.7 7.2

    21 Malaysia 6.9 6.4 6.0

    22 Austria 7.6 7.6 5.7

    23 Belgium 10.7 10.7 5.6

    24 Egypt 6.2 6.2 5.5

    25 Australia 7.9 7.6 5.2

    26 Netherlands 7.4 6.8 5.2

    27 Thailand 5.6 5.2 5.0

    28 Saudi Arabia 4.6 4.7 4.7

    29 Czech Republic 7.1 6.4 4.6

    30 Kazakhstan 4.8 4.3 4.1

    31 Argentina 5.4 5.5 4.0

    32 Venezuela 5.0 4.2 3.8

    33 Slovakia 5.1 4.5 3.7

    34 Indonesia 4.2 3.9 3.5

    35 Finland 4.4 4.4 3.1

    36 Sweden 5.7 5.2 2.8

    37 Romania 6.3 5.0 2.7

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    38 Belarus 2.4 2.6 2.4

    39 Luxembourg 2.9 2.6 2.2

    40 Greece 2.6 2.5 2.1

    Others 29.8 (est.)28.3 (est.)23.3 (est.)

    What is Baltic Exchange Dry Index (BDI) ?The BDI is a good leading indicator for economic growth and production.

    After all, it doesn't deal with container ships carrying finished goods. It deals

    with the precursors to production: bulk carriers carrying building materials

    like cement, grain, coal, salt, Fertilizers and iron ore, alumina ore etc.

    Unlike stock and bond markets, the BDI "is totally devoid of speculative

    content," says Howard Simons, an economist and columnist at

    TheStreet.com. People don't book freighters unless they have cargo to

    move. Because the supply of cargo ships is generally both tight and

    inelasticit takes two years to build a new ship, and ships are too expensive

    to take out of circulation the way airlines park unneeded jets in the Arizona

    desertmarginal increases in demand can push the index higher quickly.

    And significant increases in demand can push the index sharply higher.That's precisely what happened earlier this fall. As this chart shows, the

    Baltic Index doubled in September and Octoberan unprecedented jump.

    Impact of 2008 financial crisis

    On 20 May 2008 the index reached its record high level since its introduction in 1985,reaching 11,793 points. Half a year later, on 5 December 2008, the index had droppedby 94%, to 663 points, the lowest since 1986;[8] though by 4 February 2009 it hadrecovered a little lost ground, back to 1,316.[9] These low rates moved dangerously

    close to the combined operating costs of vessels, fuel, and crews.[10][11]

    By the end of 2008, shipping times had been already increased by reduced speeds tosave fuel consumption, but lack of credit meant the reduction of letters of credit,historically required to load cargoes for departure at ports. Debt load of future shipconstruction was also a problem for shipping companies, with several major

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    bankruptcies and implications for shipyards.[12][13] This, combined with the collapsingprice of raw commodities created a perfect storm for the world's marine commerce.

    A rare scene: The biggest and most secretive gathering of ships in maritime history liesat anchor east of Singapore. Never before photographed, it is bigger than the U.S. andBritish navies combined but has no crew, no cargo and no destination - and is whyyour Christmas (2010) stocking may be on the light side this year

    ************************************************************************

    Baltic Index

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    mathew

    Baltic Exchange Dry Index (BDI),"Logarithmic Chart"20 day exponential average in red.

    200 day exp. avr. green

    Baltic Exchange Dry Index (BDI)Recent,

    exponential average in red.

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    Baltic Exchange Dry Index (BDI)Recent,

    "Logarithmic Chart" 200 day ROC and20 day ROC (Rate ofChange)exponential average in red.

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    Baltic Exchange Dry Index (BDI)

    & Gold(gold)

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    Baltic Exchange Dry Index (BDI)

    & Gold(gold)

    "Logarithmic Graph"

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    Baltic Exchange Dry Index (BDI)

    & CRB Index (yellow)

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    Baltic Exchange Dry Index (BDI)

    & Crude Oil(red)

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