A
realization of opportunities lost and empty yards led to a touch more
aggression on the buying this week in China. To that end, one vessel was
concluded as the Taiwanese controlled limestone carrier Fu Kuo Hsin No 6 (7,187
LDT) was concluded direct to one yard in the South of China for USD303/LTLDT.
The
concern remains however over the stockpiles of steel that continue to
accumulate in yards with most end buyers choosing to hold their inventories rather
than sell due to the abysmal prices currently.
Source: steel guru. 11 July 2013
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