There was very little activity to be reported in the recycling market this week with the market being affected by the monsoons. The market is improving after being inactive from a long time.
• The local government in Bangladesh decided to hold back the new tax reform for two years which in return boosted the market with improvement in prices (about 10%) and the buyers returning to the market.
• Indian market started to improve after it remained silent last week as the buyers were thoughtful of trading.
• Pakistan Ship Breaking market also showed minimal activity especially for the tanker sector. But, the prices moved up as compared to last week.
• Chinese market saw an upward movement in the prices in comparison to last week.
• Turkey market the prices went up marginally with minimal trading activity heard.
Global Ship Breaking Prices (in USD/LT) in Week-30
| Country | General Cargo | W-o-W | Tanker | W-o-W | Market Sentiments | |
| India | 340 | +5 | 370 | +15 | Improving | |
| Bangladesh | 350 | +5 | 380 | +15 | Improving | |
| Pakistan | 345 | +5 | 375 | +15 | Improving | |
| China | 245 | +10 | 255 | 0 | Improving | |
| Turkey | 250 | +5 | 260 | +5 | Improving | |
Source : GMS, Steelmint Research
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