The daily Davis Indexes for 8Ani and 10Ani settled flat at Rs36,000/mt ($491.6/mt) ex-Alang and Rs36,500/mt ($498.4) ex-Alang, respectively. The shipbreakers are witnessing a healthy demand from the rolling mills, however supply remains tight amid shortage of scrap vessels.
The daily Davis Index for 14Ani declined by Rs150/mt to Rs37,050/mt ex-Alang with few deals concluding at the index price.
The daily Davis Index for 5kg plates settled flat at Rs34,750/mt ex-Alang. Trades thinned as the pace of construction activities has slowed down due to winter in the North.
The daily Index for HMS attachments and Melting remained unchanged at Rs32,450/mt and Rs31,450/mt ex-Alang, respectively. Limited deals were reported.