This week, trade activity in Bangladesh’s import scrap market has been rather slow as most customers are still facing delays as regards opening letters of credit. Thus, only occasional deals have been heard this week at more or less the same prices as last week.
Specifically, in the containerized segment, offers for ex-Australia shredded scrap have been voiced at $430/mt CFR, the same as last week, with a deal for around 2,000 mt reported to have been signed at the above price. Besides, another deal for ex-New Zealand shredded scrap has been reported at $430/mt CFR this week. Furthermore, according to sources, deal prices from Australia and New Zealand for PNS scrap have been heard at $445/mt CFR. Meanwhile, offers for HMS I/II 80:20 scrap have been voiced at $410/mt CFR, the same as last week, with bids reported at $405/mt CFR.
Furthermore, market insiders have reported negotiations for ex-Singapore and ex-Malaysia scrap at $435/mt CFR for HMS I grade, at $410/mt CFR for HMS I/II 80:20 and at $450/mt CFR for PNS grade.
Meanwhile, business activity in the bulk segment has been in a lull this week, with indicative offers for ex-US HMS I/II 80:20 at $405/mt CFR, the same as last week.