The Bangladeshi market
has remained largely an interested observer for much of this week as favored
larger containers and capesize bulkers bypassed the market to proceed towards
Indian and Pakistani shores due to the lower overall levels on show in
Chittagong.
Lagging by as much as
USD 10 to USD 15 per LT LDT from their competitors, Bangladeshi buyers are
unlikely to get their hands on much of the market tonnage for the moment.
A number of vessels have
already delivered to end buyers during the first two months of the year and it
is the number of these deliveries that has dampened demand and pushed prices
lower going into March.
Source:
steel guru. 4 March 2014
http://www.steelguru.com/international_news/GMS_weekly_report_on_Bangladesh_ship_breaking_industry_for_WEEK_09/333933.html
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