Bangladesh was a market on edge this week, with cash buyer inventory continuing to arrive, yet unsold locally and collecting outside waiting tor a rise in price / emergence of genuine buyers at serious or sensible levels.

With capacity the real issue of the moment, cash buyers are struggling to find any end users at all to take on tonnage.

Others who have already secured units are using this time to cause trouble at the shorefront, frivolously renegotiating rates. For this reason, the market is better left alone until an aggression to buy resurfaces and cash buyers with tonnage waiting have begun to clear out their inventories.

Source - GMS Weekly

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