Ø Price rise
Closing The Gap!
The only positives from another week of
turmoil and confusion in the international recycling markets were the return to
some sort of form for Chinese market. Prices rose by some USD 20/LT LDT and
many of the buyers - conspicuous in their absence in recent weeks - returned to
the bidding tables.
One vessel did register into North China as the small asphalt tanker BLACK JADE (2,066
LDT) from Korean owners was sold for a price region USD 385/LT LDT. The 2nd
vessel from these owners, the BLACK PEARL (2,262 LDT) make only come for sale
upon conclusion of the first deal.
With Indian sub continent sentiment and
prices weakening by the day, we may soon see prices only USD 50/LT LDT apart as
opposed to the 100/LT LDT gulf apparent only last week.
Source: Hellenic Shipping News (Sourced
from GMS Weekly). 22 November 2011
http://hiweb.blob.core.windows.net/hellenicshippingnewsbody/pdf/November%2011,%202011.pdf
No comments:
Post a Comment