Alang, one of the largest ship breaking yards in the world and a major source of scrap in India, reported total 15 ships reached for breaching in last 15 days in the month of Dec’16.
Total 2 vessels, carrying 30,958 LDT are still waiting for breaching in this month and 2 vessel of 10,958 LDT is expected in near term.
Earlier in Nov’16, total 17 ships had arrived to Alang (Gujarat) for demolition compared to 30 ships in Oct’16.
MS Billet price have moved up by INR 1,000/MT W-o-W. In line Ship breaking prices in a week have moved up by INR 200-600/MT and hovering in the range of INR 17,700-20,700/MT.
Global Market Price Scenario
Global ship breaking market was on negative side in week 51 as prices across the world moved down upto USD 10/lt Ldt for general and USD 5/lt Ldt for tanker cargoes. Meantime, India reported a decline of USD 10/ldt in general prices.
Ship breaking prices in India, Bangladesh and Pakistan are assessed at USD 265/lt Ldt, USD 280/lt Ldt and USD 275/lt Ldt respectively for general cargo.
Global Ship Breaking Prices (in USD/ltldt) in Week 51
| Country | General Cargo | W-o-W | Tanker | W-o-W |
| India | 265 | -10 | 295 | 0 |
| Bangladeh | 280 | -10 | 310 | 0 |
| Pakistan | 275 | -5 | 305 | -5 |
| China | 220 | 0 | 230 | 0 |
| Turkey | 200 | 0 | 210 | 0 |
Source: SteelMint Research
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