Dry bulk freight rates came under pressure across the board last week due to a decline in chartering activity and market sentiment remaining negative. 110 dry bulk vessels were chartered in the spot market last week, which was 11 less than the previous week. Last week’s small decline in spot chartering activity is not a cause for concern, however, but a near non-existence of dry bulk period chartering activity is a concern.

上周整体干散货市场的运价率面临压力，因为船舶租赁活动下降，市场情绪处于消极状态。上周110艘干散货船在现场包租，这比上周下降了11艘。上周干散货现场租赁的小幅下降不足以担心，倒是干散货远期佣船市场的几乎消失的状态令人担忧。

Only 1 dry bulk vessel was chartered in the period market last week. Dry bulk charterers continue to show a lack of interest in locking in long-term rates, as many believe rates will fall further.

上周在远期佣船市场只有一艘干散货船包租。干散货船租赁公司依然对长期佣船租赁市场运价率缺乏兴趣，因为好多人认为运价率将会进一步下跌。

In the dry bulk spot market, capesize rates are currently averaging $14,554/day, which is a decrease of $855 (-6%) from a week ago. Panamax rates are averaging $5,788/day, a decrease of $345 (-6%) from a week ago. Supramax rates are averaging $6,787/day, a decrease of $205 (-3%) from a week ago. Handysize rates are averaging $6,021/day, a decrease of $202 (-3%) from a week ago.

在干散货租赁现场，海峡型船运价率目前的均价为$14,554/天，比上周下降了$855，约为6%。巴拿马型船运价率均价为$5,788/天，同比下降了$345，约为6%。超灵便型船运价率均价为$6,787/天，比上周下降了$205，约为3%。灵便型船运价率均价为$6,021/天，比上周下降了$202，约为3%。

Although capesize rates have fallen compared with a week ago, rates did receive a moderate amount support at the end of last week. Global demand for iron ore has remained firm, which is helping the capesize market. 25 capesize vessels were chartered to haul iron ore to China last week, which is a firm amount just 2 less than the previous week and 1 less than the trailing four week average.

虽然和上一周比起来海峡型船运价率已经下降，但是在上周末的时候运价率确实得到了一定量的支持。全球铁矿石需求保持稳健，这就为海峡型船舶租赁市场提供了一定的帮助。上周25艘海峡型船舶包租用来托运铁矿石前往中国，这个数目比较乐观，只比上周减少了两艘，比前四周的平均水平减少了1艘。

The Chinese steel market is also showing continued strength, which is encouraging for the capesize market. The average price of 3.0mm hot rolled coil steel in China, for example, is now 4,025 yuan/ton ($645). This is 80 yuan (2%) more than week ago. Chinese steel prices have now increased for four consecutive weeks and are at their highest level since the end of July. Chinese iron ore port stockpiles have also continued to fall and continue to lead to a firm amount of Chinese demand for iron ore cargoes.

中国钢铁市场继续展现出优势，这也激励了海峡型船舶租赁市场。例如，中国3.0毫米热轧钢卷的均价为4,025 yuan/吨（$645）。这比上一周高出80元，约为2%。中国钢铁价格连续四周上涨。最高值位于7月末。中国的铁矿石港口库存继续下降，这就使得中国对铁矿石需求保持稳健。

Approximately 87.3 million tons of iron ore is now stockpiled at Chinese ports, which is 1.2mt (-1%) less than a week ago. Chinese iron ore port stockpiles have been on the decline since the end of September and have now fallen to their lowest level since June 2011. This is an encouraging development for the capesize market and seaborne iron ore trade.

中国港口大约储存了8730万吨铁矿石，这比上周下降了120万吨，约为1%。从9月末开始，中国的铁矿石港口库存量一直处于下降状态。已经降到了自2011年7月开始降到最低值。这对海峡型船舶租赁市场和铁矿石海上贸易来说，是一个令人鼓舞的发展。