Expensive and plentiful past few tides have seen demand and offers in Bangladesh all but dry up of late. Whilst there is still demand from one or two of the bigger buyers to even out some of their recent high priced acquisitions, these are largely at bargain rates, well below prevailing market levels even.
Chittagong is therefore expected to endure a very quiet end to the year, with very few new units expected to be concluded and only incoming / previously concluded vessels set to hit the beach.
It is extremely difficult to gauge on price as a result, with many end users not quoting on tonnage at all, but preferring to wait and watch developments across the sub continent.
Source: steel guru. 17 December 2014