As taxes and duties on new units increased by as much as USD 5 per LT LDT
on scrap steel and a massive USD 30 per LT LDT on bunkers, many end buyers
chose to sit back and observe the realities of what the budget will yield (and
its final ratification) rather than commit on new units.
Furthermore, many end buyers have already been booked with tonnages that
were committed at the peak of the market, so local appetite, for the most part,
remains subdued.
With constant rains now afflicting the industry, it will be a stop start
couple of months in Chittagong as end buyers occasionally emerge with specific
demands for news units, and that too, at far lower levels overall.
One sale reported last week, the chemical tanker GLOBAL EMINENCE (2,576
LDT) has not been sold into Bangladesh but rather directly to China, reportedly
at levels region USD 330 per LT LDT.
Additionally, the general cargo vessel NEW FORTUNE (2,374 LDT) was
committed to Bangladeshi buyers for a relatively weak USD 430 per LT LDT as a
new statement on pricing began to show through.
Source: steel guru. 17 June 2014
No comments:
Post a Comment