Allied Shipbroking – Weekly SnP Statistics Report Week 07 2021

As Chinese New Year holidays are coming to an end, Chinese buyers are starting to move again and thus steel prices in the sub-continent are crawling back up

With Chinese New Year holidays drawing to a close, mills in China are starting to order product once again and it is no surprise to see steel plate prices in all of the sub-continent markets creeping back up as material starts to shift to one of the chief purchasers. As such, the February lull witnessed across all sub-continent markets may finally be ending as sentiments and prices turn back to positive. Having said that, there remain very few firm and workable candidates in the market at present, with many freight ...

Allied Shipbroking – Weekly SnP Statistics Report Week 06 2021

Overall the subcontinent market seems to gradually stabilize settling in the low 400s/LDT. Many Bangladesh’s End buyers attempt to renegotiate

Having endured a turbulent start to 2021, subcontinent ship recycling markets continue to gradually stabilize as levels settle in the low USD

Allied Shipbroking – Weekly SnP Statistics Report Week 05 2021

Overall the recycling market remains at low pricing levels but at least it stopped declining.

This week, the big news from the subcontinent markets concerns the announcement of the Indian budget, which proposes DOUBLING the

Allied Shipbroking – Weekly SnP Statistics Report Week 04 2021

After the previous “slow” weeks, this one appears more stable with high hopes for market improvements

After a few rotten weeks of constant declines across sub-continent markets, thankfully, this week appears to have brought with it a modicum

Allied Shipbroking – Weekly SnP Statistics Report Week 03 2021

For yet another week sub-continent markets did not conclude any major deal with many of the previous ones failing

Sub-continent markets have continued their depressing downward cycle this week, with virtually no fresh enquiries on currently available tonnage