The import scrap market in Bangladesh has remained in wait-and-see mode this week following the break for the Eid holiday. At the same time, prices for containerized scrap have remained relatively stable in occasional deals reported this week, while no major inquiries in bulk have been reported so far.
Specifically, in the containerized segment, offers for ex-EU shredded scrap have settled at $425-428/mt CFR, versus $425-430/mt CFR last week, while a deal price for ex-Australia shredded scrap has been reported at $430/mt CFR, the same as two weeks ago. Besides, another deal for ex-US shredded scrap has been signed at $430/mt CFR, according to sources.
Furthermore, a deal for around 2,000 mt of ex-Australia HMS I/II 90:10 scrap has been signed at $410/mt CFR this week. Offers for ex-EU HMS I/II 80:20 scrap have been voiced at $405-410/mt CFR, the same as before the holiday.
Meanwhile, offers for ex-UAE mixed HMS and PNS scrap have been heard at $430/mt CFR, compared to a deal signed a week ago at $435/mt CFR. Offers for ex-Europe and ex-US PNS scrap have been voiced at $445/mt CFR, the same as two weeks ago.
At the same time, trade activity in the bulk segment has been weak, with offers for ex-US HMS grade scrap heard at $405/mt CFR, while offers for ex-Japan H2 scrap have been estimated at $400/mt CFR.