Vietnamese producers’ ideas for import scrap soften slightly

Friday, 02 February 2024 17:12:43 (GMT+3)   |   Istanbul
       

Ahead of the approaching Lunar New Year (Tet) holiday, Vietnamese import scrap market has indicated a slight decline in terms of prices. Although ex-Japan scrap offers to the country have been pushed up slightly, Vietnamese buyers aim for lower prices.

Offers for Japanese H2 grade scrap to Vietnam have moved up to $405/mt CFR, indicating a $5/mt increase as compared to the levels recorded two weeks ago. However, the bids shared by Vietnamese buyers are in the range of $390-395/mt CFR.

As of today, February 2, Tokyo Bay FAS-based prices for H2 grade scrap were at JPY 51,000/mt ($345/mt), lower by JPY 1,500/mt or $9/mt as compared to January 19. Tokyo Bay FAS prices for HS grade scrap were at JPY 55,000/mt ($372/mt), while prices for shindachi scrap were at JPY 53,500/mt ($362/mt) FAS.

SteelOrbis’ reference price for ex-Japan H2 scrap has softened slightly by JPY 500/mt from JPY 52,500-54,000/mt ($354-364/mt) FOB to JPY 52,000-53,500/mt ($351-362/mt). The lower end is represented by deals done by Vietnamese producers, while the upper end is represented by offers to Taiwanese producers.

$1 = JPY 147.71


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