The Bangladeshi import scrap market has continued to be characterized by overall stability this week, with most customers still facing delays as regards opening letters of credit, which has impacted trade activity and mills’ operational planning.
Specifically, in the containerized segment, offers for ex-Australia and ex-Europe shredded scrap have remained at $430/mt CFR and $425/mt CFR, respectively, while ex-US shredded prices have been heard at $430/mt CFR, though most bids for shredded scrap have been reported at $420/mt CFR and slightly higher, according to sources.
Besides, offers for ex-Australia HMS I/II 80:20 scrap have been assessed at $410/mt CFR, the same as last week. According to market insiders, a deal for ex-Brazil HMS I/II 90:10 scrap has been signed at $405/mt CFR this week.
Offers for ex-Hong Kong PNS scrap have been heard at $450/mt CFR, the same as last week, while PNS scrap offers from Malaysia have been estimated at $445/mt CFR.
In the bulk segment, offers for ex-US HMS I/II 80:20 $402-405/mt CFR, the same as last week, though no fresh deals have been reported so far. Offers for ex-Japan H2 scrap have been reported at $400/mt CFR, while bids have been estimated at $395/mt CFR.