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 39 of 2019 (listed alphabetically):
Week 39 2019 (23rd September – 27th September)
DEMOLITION QUICK UPDATE
It was a rather positive week for the recycling markets in the Sub-Cont., which in turn led to an improved feeling overall. In India there were
encouraging signs in terms of demand and activity with the currency also showing signs of improvement. In Bangladesh recyclers showed an appetite for fresh tonnage, and with the current scarcity of potential candidates prices on offer started to gradually improve. Finally, Pakistan didn’t manage to take advantage of the positive momentum remaining the least…..
Source: Athenian ShipBrokers
27th September 2019 – Volume 205 Issue 897 – Week 39
Subcontinent markets finally appear to be turning positive as nearly all locations posted some gains off the back of settling steel plate prices and stabilizing / firming currencies. Demand is also starting to pick up once again with all port reports showing Indian subcontinent markets starved of tonnage / new arrivals.
As expected, following a huge intake of large LDT vessels during the first half of the year, Bangladesh has delivered a period on the sidelines over these summer / monsoon months. However, there has really been no excuse for such a sluggish late summer performance from both India and Pakistan, where prices and demand have been muted.
On the far end and after a few weeks of declining fundamentals, Turkey too seems to be stabilizing after both the Lira and local plate prices found their respective balances this week.
Source: GMS Leadership