Import scrap prices in Bangladesh up slightly in new containerized deals, lull in bulk trade

Friday, 05 April 2024 15:13:32 (GMT+3)   |   Istanbul
       

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.


Similar articles

US scrap markets seen sideways for December following recent strong November settles

22 Nov | Scrap & Raw Materials

Turkey’s deep sea scrap prices continue their sharp fall

21 Nov | Scrap & Raw Materials

Carbon and stainless scrap prices in Taiwanese domestic market - week 47, 2024

21 Nov | Scrap & Raw Materials

Import scrap prices decline in Bangladesh, more decreases expected

21 Nov | Scrap & Raw Materials

Turkey’s import scrap market takes a dive

20 Nov | Scrap & Raw Materials

Import scrap prices down in Pakistan, trade hit by low demand and smog

20 Nov | Scrap & Raw Materials

Local Chinese scrap prices still post only small changes, but negative bias persists

20 Nov | Scrap & Raw Materials

Russia may extend quotas on scrap exports outside EAEU to end of 2025

20 Nov | Steel News

Import scrap prices in India soften amid higher local raw material and finished steel stocks

20 Nov | Scrap & Raw Materials

November US Northeast scrap prices settle mixed versus October amid steady export scrap demand and limited mill buying

20 Nov | Scrap & Raw Materials