FX.co ★ Baltic Dry Index Falls to 1-Week Low

The Baltic Exchange's primary sea freight index experienced a notable decline, falling 5.3% to settle at 2,109 on Tuesday, marking its lowest point in a week. The capesize index, representative of vessels that generally carry 150,000-ton cargoes like iron ore and coal, saw a significant drop of 7.9%, landing at a one-week low of 3,476. Meanwhile, the panamax index, which typically transports 60,000 to 70,000 tons of coal or grain, decreased by 3.2% to 1,741, reaching its lowest level since July 10. In terms of smaller vessels, the supramax index slightly declined by 0.6%, bringing it to 1,281.