Trade in the Bangladeshi import scrap market has been showing a slowdown amid Ramadan and the upcoming Eid holiday. At the same time, import prices have edged up slightly in most offers and new levels have even been fixed in occasional deals, mainly for containerized scrap, while trade has remained in a lull in the bulk segment.
More specifically, in the containerized segment, most offers for ex-EU and ex-Australia shredded scrap have been voiced at $420/mt CFR and slightly above, against $415-420/mt CFR last week.
According to sources, at least 2,000-3,000 mt of ex-Australia shredded scrap have been booked at $420/mt on average, while another deal for ex-Australia HMS I/II 80:20 scrap has been reported at $400/mt CFR. Besides, offers for ex-Australia PNS scrap have been voiced at $430-435/mt CFR, up by $5/mt over the past week.
Offers for ex-EU/UK HMS I/II 80:20 scrap have been heard at $405/mt CFR, up by $5/mt week on week, though no deals have been reported so far. Meanwhile, according to sources, around 2,000 mt of HMS I from the US have been booked at $405-408/mt CFR Bangladesh, though this information has not been confirmed by the time of publication.
At the same time, a deal for around 2,000mt of ex-Hong Kong PNS scrap has been confirmed at $435/mt CFR this week, versus the deal price at $432/mt CFR last week.
In the bulk segment, trade activity has remained slack this week, with offers for ex-US HMS grade scrap assessed at $400/mt CFR, against $390-395/mt CFR last week.