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Take a look below at our Demolition Weekly Market Reports for Week 03 of 2019 (listed alphabetically):
Week 03 2019 (14th January – 18th January)
DEMOLITION QUICK UPDATE
The previous week was rather unstable, after sentiments kept diminishing on a daily basis. In India, its currency and local steel prices maintained its volatility. Bangladesh remained the most attractive destination with local recyclers focused on consuming existing inventory. In Pakistan, the disappointing performance of currency lead local players to adopt a more cautious approach with focus also placed on the political front regarding…..
Source: Athenian ShipBrokers
18th January 2018 – Volume 197 Issue 861 – Week 03
It has been another shaky week in the subcontinent markets, with prices and sentiments across the board, seemingly declining by the day.
Cash Buyer focus of late has been on the resale of a multitude of their unsold (and expensive) inventory basis a Bangladeshi delivery in mind, a destination which is swiftly starting to fill up. Challenges in securing local Buyers with appropriate L/C limits also continue across the Indian subcontinent, as banking hurdles become one of the chief concerns for ship Recyclers and Cash Buyers alike.
Meanwhile, despite a growing demand, the Pakistani market has failed to secure tonnage for yet another week and local offerings are currently positioned so far from reality, that many in the industry are fearing not only a quiet January, but perhaps a worryingly quiet first quarter in Gadani.
Source: GMS Leadership