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The lackluster end to the year in sub continent recycling markets continues for another week as disappointed owners and cash buyers face selling their inventory into markets where prices have slumped. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
As Diwali holiday celebrations concluded earlier in the week, Alang Recyclers seems to slowly be filtering back to work amidst declining plates prices, sentiments, and local offerings that remain stagnant. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
It has been another frustrating week across all of the major ship recycling destinations, with prices marooned / flat and businesses yet to fully resume at pace following the conclusion of Eid holidays. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
The ongoing sub-continent collapse in prices fully materialized this week, with all sectors talking down the market and refusing to offer anew on any fresh tonnage whilst they wait for markets to stabilize. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
It surely holds the potential to do so, on a national level as well as on the individual shipping company level.
Markets have endured another boost off the back of surging commodity prices and there is every expectation that the USD 700/LDT mark will be imminently breached in the sub-continent markets once again. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
It has been another impressive week in the Indian sub-continent ship recycling markets as prices pushed on past USD 600/LDT (especially on certain decent spec vessels) and as the cobwebs from the September sub-continent lull seem to have been well and truly blown away at this time, prices seem likely to push on to their highest levels of the year thus far. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
The upward trajectory has continued in most sub-continent markets this week – particularly in a resurgent Bangladesh, where local steel plate prices are at the highest levels they have been all year. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
It has been a roaring start to the year with prices, particularly in India, pushing on to levels approaching (and in the case of certain containers, well above) USD 400/LT LDT. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
The gulf in prices between the sub-continent markets finally started to tell this week, as Pakistan pulled ahead of its regional competitors, with a stunning show on prices on any available dry units. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
