FX.co ★ Baltic Dry Index Down on Monday

The Baltic Exchange's dry bulk index, an indicator of shipping rates for vessels carrying dry commodities, experienced a decrease of approximately 1.1%, settling at 2,124 points on Monday. This decline follows a notable surge of over 7% in the previous session, attributed to reduced demand in the larger shipping segments. Specifically, the capesize index—which generally handles cargoes of around 150,000 tons, including commodities like iron ore and coal—dropped by more than 2%, reaching 3,434 points. Conversely, the panamax index, typically involved in transporting 60,000 to 70,000 tons of coal or grain, increased slightly by 0.3% to 1,748 points. Additionally, the supramax index saw a rise of 0.5%, reaching a level of 1,072 points.