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Indian sub-continent markets remain positioned on a largely firm footing, as a surprising shortage of tonnage keeps demand stuck high and prices propped up. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
As the Bangladeshi market surpasses the previously unreachable threshold of USD 600/Ton, the supply of tonnage appears to have dried up once again as the summer / monsoon holiday months continue at pace (& Eid holidays conclude this week). The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Demo markets continue their upward trajectory this week and the USD 600/LDT barrier, as suspected last week, was indeed breached on a number of select units. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Sub-continent markets continue to fire on during the summer / monsoon months, as firmer steel plate prices and an increasing lack of available tonnage has invariably pushed sub-continent offerings on to previously unthinkable levels. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Far from the traditionally expected slowdown during the monsoon / summer months, subcontinent recycling markets fired on at pace once again this week, and a slowdown in the supply of tonnage of late is likely contributing to some overly aggressive offerings from hungry End Buyers. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
As we close out June and head into peak monsoon season in the sub-continent markets, the recycling markets continue to perform surprisingly well. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
All fiscal budgets in the Indian sub-continent markets have been announced in the past month or so, without any duties / taxes being levied on their respective domestic ship recycling sectors, and this has left all areas positively positioned moving into the summer / monsoon months. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
With budgets due in both Bangladesh and Pakistan this week, it has been somewhat of a tentative period for both markets, with much of the recent momentum stalled whilst rates and sentiments have been declining (in Chattogram in particular). The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
A greater degree of caution seems to have entered the market this week, both on the Cash and End Buyers sides, as some of the more bullish offerings seen over the past few months begin to gradually subside. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
There is some emerging hesitation in the sub-continent markets this week, as the traditionally slower / quieter monsoon and summer months approach and the steady firming of steel prices seen over the past month or so, start to slow. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
