FX.co ★ Baltic Dry Index at Over 2-Week Low

On Monday, the Baltic Exchange's dry bulk sea freight index, a key indicator of rates for shipping dry commodities, recorded a decline for the fifth consecutive day. The index fell approximately 0.9% to reach 1,674 points, its lowest level since June 6, primarily due to pressure from the larger-sized vessel segment. Specifically, the capesize index, which is responsible for transporting sizable cargoes such as 150,000 tons of iron ore and coal, decreased by 2.1% to 2,818 points, marking its lowest since June 4. Conversely, the panamax index, often associated with shipping 60,000-70,000 tons of coal or grain, experienced a 0.9% rise to 1,362 points. Additionally, the supramax index increased by 6 points to 979 points.