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Market Update: Baltic Exchange Dry Index Halts 7-Session Winning Run
The Baltic Dry Index fell 1.5% to 3,218 on Friday, snapping a seven-session winning streak, amid a general decrease in commodities prices due to a stronger dollar and as China takes steps to cool commodities rally. The capesize, which tracks iron ore and coal cargos of 150,000-tonnes, slumped 4.3% to 4,029, breaking a seven-session winning streak; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and iron ore, went down 0.4% to 3,544. Among smaller vessels, the supramax index rose 48 points to 2,802, its highest level since available records began in 2017. source: Baltic Exchange [/s2If]
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