FX.co ★ Baltic Dry Index Extends Slide Into 9th Day

The Baltic Exchange's dry bulk sea freight index, responsible for monitoring rates for ships that carry dry commodities, fell by 3.3% on Friday, reaching a one-month low of 1,489 points. This marks the ninth consecutive day of decline, driven by mounting trade tensions negatively impacting demand across various vessel categories. The capesize index, which is associated with transporting 150,000-ton cargoes such as iron ore and coal, experienced a significant drop of over 5%, landing at 2,219 points. Meanwhile, the panamax index, tracking vessels typically loaded with 60,000-70,000 tons of coal or grain, continued its downtrend for a fourth consecutive day, decreasing by 2.7% to reach 1,425 points. Among the smaller vessel categories, the supramax index slightly fell by 2 points to 971 points. Over the week, the comprehensive index declined by approximately 7.1%, marking its third consecutive weekly dip.