Alang, one of the largest ship breaking yards in the world and a major source of scrap in India, reported total 19 ships reached for breaching in last 15 days in the month of Jan’17.
Total 3 vessels, carrying 11,306 LDT are still waiting for breaching in this month.
Earlier in Dec’16, total 25 ships had arrived to Alang (Gujarat) for demolition compared to 17 ships in Nov’16.
Rising domestic steel price has moved up ship breaking prices as well. MS Billet price have increased by INR 200-900/MT, in line Ship breaking prices in a week have also moved up by INR 200-900/MT and hovering in the range of INR 19,100-23,300/MT Ex Alang (Gujarat).
Global Market Price Scenario Positive
Global ship breaking market was on positive in week 2 as prices across the world moved up to USD 30/lt Ldt for general and 15/lt Ldt for tanker cargoes. Meantime, India’s price increased by USD 5/ldt in general and tanker both.
The situation of Bangladesh remains uncertain even though there are good sales but buyers are apprehensive and not ready to deal with cash buyers’ expectations.
Ship breaking prices in India, Bangladesh and Pakistan are assessed at USD 305/lt Ldt, USD 310/lt Ldt and USD 305/lt Ldt respectively for general cargo.
Global ship breaking prices (in USD/ltldt) in week 2
|
Country |
General Cargo |
W-o-W |
Tanker |
W-o-W |
|
India |
305 |
+5 |
320 |
+5 |
|
Bangladesh |
310 |
+15 |
330 |
+10 |
|
Pakistan |
305 |
+5 |
325 |
+5 |
|
China |
240 |
+10 |
250 |
+10 |
|
Turkey |
200 |
0 |
210 |
0 |
Source: SteelMint Research
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