The Chinese National October holidays (or traditional moon
cake festival) meant that there was very little action this week in China as
most people left their workstations to return home.
One deal that was concluded before the holidays saw the
WELLY II (10,308 LDT) concluded for region LTSD 365/LT LDT the voyage over to
the sub-continent presumably not making sense for the owners.
With the sub-continent market heating up, it will be
interesting to see how Chinese recyclers return to the table on Monday, with
pricing likely to be key in order to secure their share of the market tonnage.
Source: steel guru. 8 October 2013
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