As
sub continent markets continued to dominate the recycling scene, Chinese buyers
found it increasingly difficult to get their hands on any international
tonnage. The supply of state owned, Chinese flagged vessels means they will not
be overly concerned by this but clearly prices will need to improve if they are
to compete.
Chinese
New Year holidays commence this coming week and there has not been the
traditional binge on units that usually sees prices surge in an effort to fill
yards. Fundamentals remain artificially subdued and there is little optimism
that prices will increase after the holidays.
Source: steel guru. 28
January 2014
http://www.steelguru.com/international_news/GMS_weekly_report_on_China_ship_breaking_industry_for_WEEK_04/331656.html
No comments:
Post a Comment