bluVerve strives to bring you the most relevant information at your fingertips, be it your own company data or general market reports.
Take a look below at our Demolition Weekly Market Reports for Week 28 of 2019 (listed alphabetically):
Week 28 2019 (08th July – 12th July)
DEMOLITION QUICK UPDATE
Another uninspiring week for the recycling markets in the Sub-Cont. Bangladeshi market still tried to cope with the changes in budgeting, thus focus was placed on consuming existing inventory. In India the deteriorating on the low side despite some reported activity. Finally Pakistan demolition market remained disappointing due to the soft fundamentals…..
Source: Athenian ShipBrokers
12th July 2018 – Volume 203 Issue 886 – Week 28
Markets remain stuck in the quagmire this week, with local steel plate prices declining across all subcontinent markets and by about USD 35/LDT in India over the course of a few weeks, Bangladesh is still reeling from the 10% VAT that was imposed in their recently announced annual budget, the Pakistani market has remained quiet as domestic fundamentals remain under pressure and lastly Turkey seems entombed by its fundamentals as the Lira weakens once again.
The monsoon season has traditionally been a quieter period in the subcontinent markets, with most of the SNP activity, beachings and recycling operations taking place in the first 5 – 6 months of the year before the constant rains slow all yard activity to a virtual standstill and laborers return to their home towns.
Yards in Chattogram remain stuffed with tonnage and local aggression to acquire fresh units may not return until the fourth quarter of the year commences once previously delivered units are consumed and capacity starts to emerge again. The BSBA are also in the process of challenging the recent budget decisions and it is expected to take a few more weeks before positive news regarding any reversal occurs.
Source: GMS Leadership