A less than impressive
showing from the Bangladeshi market this week continued to see much of the
tonnage (including cash buyer as is inventories) diverted to competitors in
Pakistan and India.
Despite improving local
steel plate prices, appetite for tonnage and prices for vessels remained
subdued at the currently diminished levels, much to the surprise of cash buyers
who are still waiting for the much anticpated post Eid price improvement.
If current levels
persist, it could be a bleak few weeks yet for Chittagong buyers with no
imminent signs of their preferred larger LDT vessels hitting the market any
time soon.
It is clear therefore
that Bangladeshi buyers will need to get their act and pricing together, in
order to secure any of the market tonnage being offered their way something
that should be expected of them given the increase in steel prices and
improving demand seen this week.
Source:
steel guru. 27 August 2014
http://www.steelguru.com/indian_news/GMS_weekly_report_on_Bangladesh_ship_breaking_industry_for_WEEK_34/347698.html
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