Markets remain tentatively poised this week, as days of constant reversals have left most end buyers without any motivation or appetite to acquire units at yesterday’s levels.
India has been the most affected by the recent falls, with all offers on vessels now coming in around the mid USD 500s/LDT and below, having seen well above USD 600/LDT just last month.
The decline in local steel plate prices in India have been so severe (in excess of USD 60/Ton in a matter of a weeks) that many Alang Buyers are continuing to wait-and-watch further market developments, rather than offering on any available units.
For full report click here
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source: capitallinkshipping
