FX.co ★ Baltic Dry Index Edges Higher

The Baltic Exchange's dry bulk index, which monitors the freight rates for ships carrying dry commodities, saw an uptick for the second consecutive session on Monday, increasing by approximately 1% to reach 1,780 points. The capesize index, responsible for transporting large cargoes such as iron ore and coal, typically around 150,000 tons, ended its two-day decline, rising by 1.7% to 2,626 points. In contrast, the supramax index experienced a gain of 9 points, or 0.9%, bringing it to 1,035 points. On the other hand, the panamax index, usually associated with carrying between 60,000 and 70,000 tons of coal or grain, remained steady at 1,612 points.