Allied Shipbroking – Weekly SnP Statistics Report Week 20 2019

The previous week the sub-cont. recycling markets once again saw a continuing downturn, sliding into the monsoon season. In Bangladesh

Local market conditions are flat since a while now in Alang, hence recyclers are holding themselves to book new tonnages, options are

Some dramatic falls in prices have begun to commence across the subcontinent markets as we enter the traditionally quieter monsoon

Allied Shipbroking – Weekly SnP Statistics Report Week 19 2019

Last week the sub-cont. recycling markets continued their slow decline, as every year during the monsoon season. In Bangladesh, rumours

The first signs of decline have started to set in on the industry, ahead of the traditionally quieter monsoon season that’s just around the corner.

Bearish sentiment among market participants is being witnessed currently. With the softening of prices for finished goods in the local

Allied Shipbroking – Weekly SnP Statistics Report Week 17/18, 2019

During the previous week most of the sub-cont. recycling markets saw some signs of slowing down due to the monsoon and cyclone season

Activity seems to be slowing this week as the cut-off date for the budget in Bangladesh and the incoming monsoon season seem to overall

Market participants continue with the wait and watch mode with limited new tonnage bookings. Local steel prices have moderately dipped from

Last week saw most of the sub-cont. recycling market slow down slightly due to Easter holidays in Europe and fears of the upcoming monsoon

General Body Elections across the region fired with the depreciation of the INR against USD is keeping the buying sentiment low for time being.

As a raft of international holidays ensued across the globe (mostly Easter holidays in Europe), overall, it has been a comparatively quieter couple of