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After a few rotten weeks of constant declines across sub-continent markets, thankfully, this week appears to have brought with it a modicum of stability. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Sub-continent markets have continued their depressing downward cycle this week, with virtually no fresh enquiries on currently available tonnage and previously concluded highpriced deals now starting to face problems, with several deals unfortunately failing from both Cash Buyers and End Buyers alike. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Just as quickly as the markets came up over the last month or so, they have declined just as fast and sharply over the last couple of weeks - particularly in Bangladesh, which has essentially lost all of the pricing ground that this market had gained recently, in shocking and unexpected reversals this week. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
It has been an excellent start to 2021 for the international ship recycling industry, as steel gains have pushed the markets on again, particularly in a resurgent Bangladesh, which tops the leaderboard by some distance and for another week. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
As we bid farewell to 2020, which has quite frankly been an unprecedented and tumultuous year for nearly the entire world, all eyes are now on 2021 and most are trying to stay optimistic about brighter days ahead, especially given the roll out of the Covid-19 vaccine finally underway in many countries across the world. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
As Christmas holidays descend the world over, the sub-continent recycling markets are ending the year on a far happier and comparatively more of a bullish note than where they were come the mid-point of the year. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
After a surge that saw the Bangladeshi market rise too fast too soon, in addition to some steady progress made from the firming Pakistani and Indian markets, sub-continent destinations seem to have finally settled down a touch, in the run up to Christmas / New Year’s. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
This week, as steel plate prices temporarily reversed in a previously rampant Bangladesh, the decline finally put the brakes on what was a surging market. As a result, local expectations have been somewhat tempered there as the week ended. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
The dissolution of the cartel has seen prices shoot up in Bangladesh over this past week – perhaps to an irrational and somewhat speculative degree, as local levels cooled off towards the end of the week, in conjunction with declining local steel plate prices. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Following a lackluster few quarters for the Bangladeshi market, demand has come surging back and prices in a cartel-less Chattogram shot up this week as local offers are no longer going through (or are restricted by) a committee of powerful local individuals, who had set up the cartel to begin with. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
