Import prices for containerized scrap in Bangladesh have remained relatively stable during the past week, though some downward bias has been reported in a number of new deals as most buyers keep insisting on additional discounts. At the same time, while trade activity has improved to some extent in the containerized segment, business in bulk has remained slow.
More specifically, offers for shredded scrap in containers for ex-EU/UK and also Australia origin have remained relatively stable at $425/mt CFR, while no deals have been reported so far, with only a deal for 1,000 mt of ex-Malaysia shredded scrap reported to have been signed at $430/mt CFR at the beginning of this week. Meanwhile, offers for ex-Australia have dropped to $405/mt CFR, from $410-415/mt CFR heard last week.
Meanwhile, following several deals for ex-Hong Kong PNS scrap at $448/mt CFR two weeks ago, this week the material has changed hands at $440/mt CFR, according to sources. Besides, another deal for 3,000 mt of ex-Malaysia PNS scrap has been signed at $435/mt CFR. Furthermore, a deal for ex-UAE PNS scrap has been reported at $425/mt CFR.
In the meantime, offers for ex-US HMS grade scrap in bulk have been assessed at $402-405/mt CFR, versus $405/mt CFR last week, with no fresh deals reported so far. However, according to sources, a deal for around 8,000-8,500 mt of ex-Singapore HMS grade scrap in bulk has been signed at around $405-410/mt CFR, according to market insiders.
Offers for ex-Japan H2 scrap in bulk have been estimated at $400/mt CFR, against $400-405/mt CFR last week.