Reasons for optimism in commodities market
Global steel output was 132.4 Mt in November, up 5% year-on-year and the strongest YoY gain since March 2014. If China continues to move the needle higher, the Pacific basin may see a recovery in dry bulk demand that could push into Chinese New Year. (p. 1)

Coasters: Owners anticipate 2017 momentum
Some late year improvement in rates can be attributed to the holiday rush, but just as much can be reasonably credited to rising cargo demand. (p. 1)

Containership S&P prices fell year-on-year
Secondhand prices on average fell more than 20% during 2016 with the sizes between 3,000 and 10,000 TEU in particular seeing a greater drop. (p. 2)

…continue reading in today’s BMTI Daily Report.