Trade activity in the import scrap market in Bangladesh has remained moderate, while most offers heard for containerized scrap have been at relatively stable levels as compared to last week. As for bulk segment, most offers have remained unchanged as well, but no new bookings have been reported so far though, while the sector has been facing continuous issues with opening letters of credit (LCs).
Accordingly, in the containerized segment, offers for ex-EU shredded scrap have been voiced at $425-430/mt CFR, the same as last week, with a few deals reported to have been signed at $420-425/mt CFR level. Besides, offers for ex-EU/UK HMS I/II 80:20 scrap have remained at $405-410/mt CFR. Meanwhile, a few deals for ex-Malaysia PNS scrap have been heard at $430/mt CFR, the same as last week, while a new deal for ex-Hong Kong PNS scrap has been reported at $435/mt CFR, with new offers standing at $440/mt CFR.
Meanwhile, trade in bulk has remained silent this week, with indicative offers for ex-US HMS I/II 80:20 scrap have been heard at $405/mt CFR, while for shredded scrap the indicative offers have been at $410/mt CFR, versus $405-410/mt CFR last week.