Although the upcoming closures for the holiday in Bangladesh and the monsoon season have been keeping overall market sentiments subdued, import scrap trade has been rather active this week, with more import deals reported at mainly the same levels as last week or only a few dollars higher.
More specifically, offers for ex-EU shredded scrap in containers have remained at $425-430/mt CFR levels, while shredded offers from Australia have been maintained at $430-435/mt CFR. According to sources, a deal for around 2,000 mt of ex-Australia shredded scrap has been signed at $430/mt CFR, up by $3/mt week on week, while another deal for ex-US containerized shredded scrap has been reported at $430/mt CFR, the same as one week ago. Besides, another contract for ex-New Zealand shredded scrap has been heard at $428/mt CFR.
In the meantime, offers for ex-Australia HMS I/II 80:20 and 90:10 have been voiced at $410/mt CFR and $405/mt CFR, respectively, the same as last week. In addition, a deal for ex-Chile HMS I/II 90:10 scrap has been signed at $410/mt CFR this week.
Offers for PNS scrap in containers for Australian origin have been reported at $450/mt CFR, up by $5/mt CFR, though deal prices have remained unchanged at $440/mt CFR this week. Besides, a deal for ex-Peru PNS scrap is reported to have been signed at $442/mt CFR, according to sources.
In the bulk segment, trade activity is still in a lull this week, with indicative offers for ex-US HMS grade and shredded scrap heard at $410/mt CFR and $420/mt CFR, respectively, the same as last week, while offers for bonus scrap have been reported at $425/mt CFR. Besides, offers for ex-Japan H2 scrap have been heard at $400-405/mt CFR.