FX.co ★ Baltic Dry Index Extends Losing Run, Posts Weekly Loss

The Baltic Exchange's dry bulk index, which monitors the rates for vessels transporting dry commodities, recorded its fifth straight decline on Friday, falling approximately 1.7% to settle at 1,688 points. Significantly, the capesize index, which typically handles 150,000-ton shipments of materials like iron ore and coal, experienced its 12th consecutive drop, slipping 3% to reach 2,640 points, likely influenced by decreasing iron ore prices. Simultaneously, the supramax index decreased by 9 points to stand at 976 points. In contrast, the panamax index, generally associated with carrying 60,000-70,000 ton loads of coal or grain, increased by 0.7% to 1,345 points. Over the course of the week, the benchmark index registered a 10% decline.