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Take a look below at our Demolition Weekly Market Reports for Week 02 of 2019 (listed alphabetically):
Week 02 2019 (07th January – 11th January)
DEMOLITION QUICK UPDATE
The previous week remained quite silent due to the festive spirit. In India, steel prices and the rupee kept declining, leading sentiment to soften. In Bangladesh, political advancements, made local players to remain cautious. In Pakistan, although currency had a steady performance, rumours on reduced budgets concerning building activity has once again affected the recycling…..
Source: Athenian ShipBrokers
11th January 2018 – Volume 197 Issue 860 – Week 02
Instability seems to be the key word in the subcontinent markets this week, with all locations precariously poised and seemingly heading downwards, as 2019 embarks on a rather negative and tentative start.
As it has been for several months now, Pakistan remains an inert and inactive force, positioned well behind their subcontinent competitors, India suffers another volatile week of steel reversals, and finally, Bangladesh remains holding up the rest but is swiftly filling up with the plethora of unsold Cash Buyer tonnage that is gradually being fixed to local Buyers on a weekly basis.
Supply – particularly in the container sector – is also starting to pick up again as Ship Owners return from their holidays. Certain chartering markets have shown few signs of improving and this situation is expected to stagnate for some time now, as fears over an ailing Chinese economy fuel further uncertainty across global markets.
Source: GMS Leadership