With October moon cake holidays on the horizon, activity in China even
for the plethora of local state subsidized tonnage has started to somewhat
stall.
Many of the private owners remain content to bring their vessels to the
Indian sub continent shores, to enjoy the significant premium of almost USD
200/LT LDT higher or failing that, to sell ‘as is where is’ in the Far East at
prices well above local Chinese demo yards.
A slide in steel prices had seen levels fall below USD 300 per LT LDT
recently Turkish yards and even those in Vietnam and Indonesia are even
offering above China at present.
Source: steel guru.
9 September 2014
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