GMS Week 15 – Target Rates!
Week Announcement of very fluctuating tariffs, suspension, errors in handling economic and market affairs have left India The recycling destination for sub-brine ships on the edge, fear of the next movement by the Trump regime which seems irrational & aggressive. Indeed, the global stock market decreased by almost 20% and lost to USD 11.2 trillion, only to appreciate around 10% on the days after the announcement of the 90 days suspension on all tariffs to almost all countries worldwide. While most of the world witnessed in silence to see everything playing, the European Union and China responded well to place a match against the United States which resulted in the stock market to continue their decline despite the press. Trump reverses a mid -week course. The action of his Tit-For-Tat with China also did not show signs of subside because around 125% in the task had been placed by China so far while rejecting up to 145% had been collected by the United States. Reportedly, Trump’s backtrack erupted behind the mass sales of Treasury US bonds (Gold Standard Currency for the US Federal Government) from the Japanese market which caused the Trump Panic team, which resulted in uncertain administrative actions until this week. But for the Sub-Benua Ship Recycle Market, the main driver is how hard the price of steel / non-Ferro steel trade will be hit when it is time for the prevention of ships to sell their products.
Although the suspension of 90 days seems to have given the suspension of punishment at this time, the deadline that is realistically standing a quarter. Meanwhile, oil has carried out volleyball such as coastal balls in the wind, decreased to USD 56/barrel mid-week (lowest level seen since 2020), before rising back to USD 61.50/barrel where it ended that week, and the decline in the future still re-gained the level that has nothing to do with output that is not in accordance with things inappropriate things that are not appropriate. Even the US dollar jumped briefly to all currencies of the ship recycling before settling with surprising results, where even Lira made a decent profit for the dollar. And the global trading market also continues to take Dunk at a collection of tariffs when the tariff of the goods cools, even though they even come out towards the end of the week and report small profits. What comes from this tariff reduction still needs to be seen because there is no new tonnage that is included in the offer table lately. And this has shown himself in a clear view in each of the anchors this week when India (technically) reported his first ’empty’ report, while Pakistan impressively took most of the tonnage in the Sub-Benua. Through all that, Türkiye continues to be unemployed in a state of standing, waiting for the right time to be regulated there are several tonnage to be put into one of the markets today.
Finally, for these facilities (especially those that have shipping that comes in during the next tidal) who will start the increase in the page to HKC standards in Bangladesh and failed to do so, the possible extension of the decline of the 31st EID landslide, and industrial setbacks have passed to the greatest included by The News. further. With the expected time of the HKC on June 26 this year together with the Trump regime that re-visited the tariff immediately afterwards, 2024 seemed to be as if it might only be ripples in a slow and faster pool to be faster, especially those expected by long-term and / or worse tariffs, the large amount expected. Expected amount.
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Source: GMS, Inc. https://www.gmsinc.net/gms_new/index.php/web
