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

The Baltic Exchange's primary sea freight index declined by 2.4% to 1,970 on Monday, marking its lowest level since July 16. The capesize index, which is typically responsible for carrying 150,000-ton cargoes like iron ore and coal, experienced a 4.2% decrease, settling at 3,158. Conversely, the panamax index, often used to transport between 60,000 to 70,000 tons of coal or grain, fell by 0.7% to reach a near four-week low of 1,633. In contrast, the supramax index, which tracks smaller vessels, registered a slight increase of 0.1%, reaching 1,270.