As Indian
sub-continent markets started to take off again, China was left trailing in the
wake of their competitors, unable to compete on numbers to secure any type of
tonnage.
Indeed,
there is some doubt as to whether Chinese buyers, on present form, could
encourage vessels from Indonesian or Vietnamese waters to make the voyage over
to China rather than scrapping respective units locally.
It was
therefore no surprise to see the sales board empty in China for another week.
Buyers can only hope that upcoming year-end when yards have to renew licenses
and fill quotas will see prices push on again, as has traditionally been the
case in years gone by.
Source: steel
guru. 26 November 2013
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