The Bangladesh
recovery post-Eid and Ramadan holidays has yet to fully transpire, with pricing
yet to match both cash buyer and owner expectations alike.
As a result, juicy
high LDT vessels continue to bypass Bangladesh from the East, to exploit the
excellent pricing presently on show from the fully firing Pakistan market.
End buyers will
need to swiftly get their act together, should they wish to secure favored
tonnage as vessels are simply slipping through their fingers at present.
A brief and small
drop in steel prices (about USD 2 per LT LDT) brought some midweek murmurs to
the market, but the overall fall was relatively inconsequential and prices are
expected to improve moving forward.
Source: steel
guru. 19 Aug 2014
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