This week, trade in Bangladesh’s import scrap market has remained moderate with prices moving in different directions, depending on the material specification and the suppliers. Besides, according to sources, Bangladeshi customers’ interest primarily lies in sourcing materials from Singapore, Malaysia and Hong Kong due to their shorter transit times, while the prospects from the UK/EU are hindered by elevated freight rates.
More specifically, offers for ex-EU/UK shredded scrap in containers have been reported at $420-425/mt CFR, against $425/mt CFR last week. Meanwhile, offers for HMS I/II 80:20 scrap from Europe and the UK have been heard at $402-405/mt CFR, the same as last week. According to sources, a deal for ex-Canada HMS I/II 90:10 containerized scrap has been signed at $398/mt CFR.
Furthermore, market insiders have reported several deals for ex-Malaysia and ex-Singapore PNS scrap at $450-455/mt CFR, up by $15/mt week on week. Besides, a deal for ex-UAE PNS scrap is reported to have been done at $430/mt CFR, versus $425/mt CFR last week.
Meanwhile, trade has remained silent in the bulk segment, with only talk circulating in the market about a deal for 15,000 mt of ex-Japan H2 scrap signed at $405-410/mt CFR for July-August arrival, though this information has not been confirmed by the time of publication.
Indicative offers for ex-US HMS grade scrap in bulk have remained at $402-405/mt CFR, the same as last week.