The Baltic Exchange's dry bulk sea freight index experienced a setback after a four-week winning streak, with an overall decline of 12 points (0.5%) at 2,483. The capesize index rose 1.3%, but the week saw a substantial 22% drop in the overall index. Iron ore futures surged, supported by strong export data from China and economic stimulus speculation. In contrast, the panamax index fell 4.2%, marking the largest weekly decrease in a month, while the supramax index decreased by 1.1%, ending the week up by 3.3%.

SOURCE:GOOGLE