Trading activity in the import scrap market in Bangladesh has been lacking strength this week amid the still weak post-holiday demand in the country. Thus, only occasional deals for containerized scrap have been reported in the market at lower prices, while business activity in the bulk segment has been close to zero.
More specifically, offers for ex-UK and Australia shredded scrap in containers have been voiced at $445/mt CFR, down by$10/mt week on week. Meanwhile, offers for HMS I/II 80:20 scrap have been reported at $415/mt CFR, down by $5-10/mt week on week, with several deals reported to have been signed for ex-Australia and New Zealand materials at the abovementioned level. Another deal for HMS 1 grade scrap ex-Dubai has been reported at $428/mt CFR. Furthermore, offers for ex-Malaysia and ex-Singapore PNS scrap have been reported in Bangladesh at $450/mt CFR, down by $15/mt over the past week.
In the meantime, no fresh deals have been reported in the bulk segment, with offers for ex-US HMS grade scrap standing at $420/mt CFR, the same as last week, while bids have dropped to $405-410/mt CFR. Offers for ex-US shredded scrap have been heard at $425/mt CFR.
