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GMS Market Commentary on Shipbreaking in Bangladesh in Week 15 - SEASONAL SPIKE!-- The 20th China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition 4/19/2019 金属板材展-棒材-线材展 -plate metal expo-wire expo |
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Bangladesh snagged a majority of the market tonnage this week as prices spiked dramatically for pre-budget deliveries, prior to June 5th. There remains a lingering fear amongst local Recyclers that duties / tariffs on local steel plates may increase post-budget. As such, most Buyers remain keen to import vessels before the imposition of these new taxes. Moreover, the traditionally weaker monsoon season is also just around the corner and most Buyers are keen to stock up before the advent of the rains, resulting in a final pre- summer / monsoon push for tonnage.
With that in mind, sales continue every week as Temas Line of Indonesia sold two container vessels into Bangladesh this week, with the SPRING MAS (7,296 LDT), which was sold for USD 465/LT LDT and the smaller SELAT MAS (5,719 LDT), which was concluded at a decent USD 462/LT LDT
金属板材展-线材展-金属加工展-2019第二十届广州国际金属板材、棒材、线材及金属加工设备展—全球三大金属展之一巨浪展览
-- The 20th China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
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