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Take a look below at our Demolition Weekly Market Reports for Week 11 of 2019 (listed alphabetically):
Week 11 2019 (11th March – 15th March)
DEMOLITION QUICK UPDATE
The previous week remained serene and still in the Sub-Cont. recycling markets. India, which is nearing its fiscal year end began seeing some volatility but eventually stabilized. Bangladesh remained the number 1 recycler once again but is steadily running out of plots and nearing its full capacity. To finalize, Pakistan still remained out of the competition as pricing is still behind in comparison to its neighbouring competitors,…..
Source: Athenian ShipBrokers
15th March 2018 – Volume 199 Issue 869 – Week 11
Markets remained under pressure this week, with very little change reported that could affect the status quo. As Bangladesh continues to fill up and gradually run out of keen & capable end Buyers, India continues to suffer extreme volatility in local plate prices and Pakistan rounds off the sub-continent markets while it rests out of the reckoning.
Surprisingly, despite everything going on that would suggest that the sub-continent markets are entering a dull and vegetative state, several fixtures over the last couple of weeks make it seem as though we may be finely poised for an upwards surge (unless a sharp decline crushes all of the seeming optimism from various Cash Buyers).
Indeed, several large LDT, speculative-level sales have been concluded since the week of TradeWind’s conference in Hong Kong, as industry players convened to discuss all matters ship recycling related. Yet, the reported levels from recent sales certainly do not reflect today’s reality on the ground, with prices yet to jump in order to satisfy the excessive and seemingly unattainable breakeven levels of these fixtures.
Source: GMS Leadership