Baltic Dry Freight index fell 8 points, or 0.72 percent, to 1,102 points. 

Analysts said the vessels increasing supply has exceeded the growth rate of demand for commodities, which will limit the next few months to dry bulk freight rates rise. 

"Delivery view of the latest estimates of dry bulk carriers, dry bulk freight market over the next 12 months may still face challenges at Jefferies analyst Douglas Mavrinac said in a report. 

Baltic Dry Index has decreased by about 37%. 

Baltic Capesize Index. BACI fell 0.76 percent to 1,310 points, due to weak steel prices in China, to limit the demand for iron ore spot cargoes. 

Iron ore shipping accounts for about one-third of the capesize amount. The broker said that the price trend is still a key factor of the dry bulk freight. 

Capesize average profit fell from $ 167 to U.S. $ 5,903. Capesize vessels of 150,000 tons deadweight, normally transport iron ore and coal and other goods. 

Handymax vessels, and the average daily profit of Super Handymax vessels were reduced to 9,939 dollars and 13,353 dollars. 

Baltic Panamax freight index. BPNI rose 0.58 percent to 9,640 points.