In last 15 days, total 8 ships have been reported to breach at Alang (Gujarat) in the month of May’16. There are total 5 vessels, carrying 31,674 LDT are waiting for breaching, however, there are no expected vessels for the month.
In Apr’16, total 30 ships were arrived for demolition in Alang (Gujurat) against 34 ships in Mar’16.
In Indian domestic market, ship breaking prices are hovering in the range of INR 16,600-19,300/MT, registering price corrections of INR 100-200/MT in a week’s time. Imported scrap trade remain quite in India.
Price scenario
In global market, prices in sub-continent during week 19 continued to remain stable throughout last week, with improvement in sales. Demolition prices in Bangladesh and Pakistan are assessed at USD 285/lt Ldt and USD 280/lt Ldt respectively for general cargo.
Global ship breaking prices (in USD/ltldt) in week 19
| Country | General Cargo | W-o-W | Tanker | W-o-W | Market sentiments |
| India | 275 | +5 | 295 | -5 | Cautious |
| Bangladesh | 285 | 0 | 315 | 0 | Bullish |
| Pakistan | 280 | 0 | 310 | 0 | Cautious |
| China | 175 | 0 | 190 | 0 | Improving |
| Turkey | 210 | 0 | 215 | 0 | Improving |
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