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Take a look below at our Demolition Weekly Market Reports for Week 05 of 2019 (listed alphabetically):
Week 05 2019 (28th January – 01st February)
DEMOLITION QUICK UPDATE
Last week was slightly more stable than previous weeks for a big part of the sub-continent recycling markets. In India, local steel prices remained volatile and currency kept fluctuating, thus affecting local players. Bangladesh maintained its competitive lead compared to recyclers that are focused on consuming already concluded tonnage. Finally, in Pakistan the sentiment was again low, resulting in reduced…..
Source: Athenian ShipBrokers
01st January 2018 – Volume 198 Issue 863 – Week 05
HALT TO FREEFALL!
The week before Chinese New Year has finally brought some semblance of stability, to a ship recycling market that seemed to be in freefall over the previous month.
Indeed, most Cash Buyers have been struggling to offload their existing overpriced inventories at anywhere near sensible / breakeven levels, resulting in something of a panic as a majority of these vessels are now headed to the only bullish market (Bangladesh), in the hopes of salvaging whatever little could be financially scraped out of a deal.
Pakistan remains painfully subdued on the sidelines, despite the announcement of the mini budget last week that brought with it, little material change to the domestic steel and ship recycling sectors.
Source: GMS Leadership