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Take a look below at our Demolition Weekly Market Reports for Week 02 of 2020 (listed alphabetically):
Week 02 2020 (06th January – 10th January)
DEMOLITION QUICK UPDATE
The market climate of 2019 continued in the opening of 2020 with an impressive start with numerous and increasing sales happening. Demand for all segments remains strong along with local steel plate prices. For Bangladesh although internal fundamentals look not so solid, overall it looks as busy as a bee year again. For India the numbers for both green and non green sale, climb the heel in a very positive…..
Source: Athenian ShipBrokers
10th January 2020 – Volume 209 Issue 912 – Week 02
The exuberance displayed during the final few weeks of 2019 and the onset of 2020 has showed no signs of abating, with several increasingly impressive sales taking place at ever increasing numbers.
Demand and sentiments remain positively positioned in all markets, as local steel plate prices have gained ground – most notably in India, where levels have shot up by nearly USD 40/Ton in a matter of a few weeks.
For perhaps the first time since the onset of 2019, India has positioned itself ahead of Bangladesh in the weekly rankings, with subcontinent competitors struggling to compete on container vessels that are beginning to see prices well in excess of USD 400/LDT from India once again.
Source: GMS Leadership