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

Boston dock delivered HMS I/II 80:20 scrap prices updated for November

02 Nov | Scrap & Raw Materials

Boston dock delivered P&S scrap prices updated for November

02 Nov | Scrap & Raw Materials

Dock delivered prices for P&S scrap in New York updated for November

02 Nov | Scrap & Raw Materials

Dock delivered prices for HMS I/II 80:20 scrap in New York updated for November

02 Nov | Scrap & Raw Materials

Philadelphia dock delivered HMS I/II 80:20 scrap prices updated for November

02 Nov | Scrap & Raw Materials

P&S dock delivered scrap prices in Philadelphia updated for November

02 Nov | Scrap & Raw Materials

US hot-rolled coil pricing largely flat on the week following recent spot market slump

01 Nov | Flats and Slab

Some Turkish mills revise their domestic scrap purchase prices

01 Nov | Scrap & Raw Materials

Global View on Scrap: Turkey’s import market may have hit bottom, Asia struggling for stability

01 Nov | Scrap & Raw Materials

US November scrap prices now seen sideways to potentially lower as multiple mills cancel orders

01 Nov | Scrap & Raw Materials