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Take a look below at our Demolition Weekly Market Reports for Week 07 of 2019 (listed alphabetically):
Week 07 2019 (11th February – 15th February)
DEMOLITION QUICK UPDATE
Last week the local-sub cont. markets started to stabilise. Steel prices rose and sentiments were improved. In India, the rupee has kept its steady course and the market became more confident. Bangladesh for one more week remained the top player for recycling; However, the political developments may create uncertainties in the future. Lastly, Pakistan yet again was stranded as activity remained on the low side and sentiments will…..
Source: Athenian ShipBrokers
15th February 2018 – Volume 198 Issue 865 – Week 07
Markets have begun to stabilize in the sub-continent this week, with India gaining some ground off the back of steel plate prices that improved for much of the week, even though they ended the week at nearly the same levels.
This returned some sorely needed optimism to the Indian market, which could in turn, deliver some relief to a stuffed Bangladeshi market, where the influx of tonnage has been unrelenting since the beginning of the year.
Pakistan remains stationed some ways behind their sub-continent competitors for yet another week and has seen an absolutely minimal number of vessels arriving local anchorage so far this year. Given the overall performance of this market over the recent past, this year could be a rough one for Gadani Recyclers (in terms of potential purchase of LDT / local consumption of vessels).
Source: GMS Leadership