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

Thursday, 18 January 2024 17:02:11 (GMT+3)   |   Istanbul
       

Trade activity in the import scrap market in Bangladesh has remained moderate, while most offers heard for containerized scrap have remained stable but with an upward bias reported in new deals. As for the bulk segment, both buyers and sellers have continued to avoid business, with only a deal for ex-Japan scrap reported to have been done this week. 

Specifically, a booking for 15,000 of ex-Japan H2 scrap in the Kanto Tetsugen export tender has been done at JPY 53,081/mt FAS, indicating an increase by JPY 2,061 as compared to the levels recorded in early December. The dollar-based prices have increased from $354/mt to $362/mt from last month. The price translates to around $430-435/mt CFR Bangladesh.  

Meanwhile, indicative offers for ex-US HMS I/II 80:20 scrap in bulk have been estimated at $425-430/mt CFR, with no deals reported so far. 

In the meantime, offers for ex-Europe shredded scrap in containers have been voiced at $440-445/mt CFR, up by $5/mt week on week, while HMS I/II 80:20 scrap has been offered at $415-420/mt CFR, the same as last week. No deals have been reported for ex-EU materials this week. However, according to sources, at least 3,000 mt in total of ex-Australia HMS I/II 90:10 scrap are reported to have been booked at $415/mt CFR, while another deal for 1,000 mt of ex-Australia shredded scrap has been signed at $435/mt CFR, up by $5/mt over the past week. 

Furthermore, according to sources, a deal for ex-Middle East HMS grade scrap in container has been signed at around $430/mt CFR, against offers at $420/mt CFR last week. 

More deals for ex-Asia PNS scrap have been reported in Bangladesh as well. Particularly, following a deal for ex-Hong Kong PNS scrap at $440/mt CFR, by the end of this week another deal for the same origin has been signed at $450/mt CFR. Besides, a deal for ex-Malaysia PNS scrap has been heard at $440-445/mt CFR levels. 


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