Import scrap prices in Bangladesh have been fluctuating within a narrow range over the past two weeks, indicating a largely stable market environment. Despite the limited price movement, trading activity has remained subdued, with only occasional deals reported in both the containerized and bulk segments. A few buyers have cautiously returned to the market, but overall participation remains restricted, as many companies continue to face significant challenges in opening letters of credit (LCs), which limits their ability to import raw materials and engage in trade.
More specifically, according to sources, while most offers for shredded scrap from the EU and Australia have been voiced at $380/mt CFR, mainly the same as two weeks ago, bids have been reported at $375/mt CFR. Besides, a transaction for 5,000 mt of ex-Australia HMS I/II 80:20 scrap has been heard at $352/mt CFR this week. Furthermore, according to sources, a deal for around 1,000 mt of ex-South Korea shredded scrap has been signed at $380-385/mt CFR.
Offers for PNS scrap from Hong Kong have been voiced at $390-395/mt CFR, the same as two weeks ago, with several deals reported to have been signed at the abovementioned levels. Besides, 1,000 mt of PNS scrap from Singapore have been sold at $385/mt CFR Chattogram.
Meanwhile, in the bulk segment, Bangladeshi customers are reported to have bought around 10,000 mt of ex-Singapore HMS I/II 70:30 scrap at $349/mt CFR and 15,000 mt of HMS I/II 80:20 at $360/mt CFR for the same origin.
Offers for ex-US HMS grade scrap have been estimated at around $355/mt CFR, mainly the same as last week, while offers from Australia for HMS grade and shredded scrap have been voiced at $355/mt CFR and $375/mt CFR, respectively. Besides, offers for ex-Japan H2 scrap have been reported at $345/mt CFR.