Scrap buyers in Bangladesh still cautious, import prices come down further

Friday, 05 February 2021 14:44:31 (GMT+3)   |   Istanbul
       

Import scrap prices in Bangladesh have come down further this week, pushed by negative sentiment and still cautious buying. The future trend is unclear.

The latest offers for bulk ex-US HMS I/II 80:20 scrap have been reported at $430/mt CFR and buyers are still not voicing firm bids as they have completed purchases for now. Some sources have reported that the tradable value should not be above $410-420/mt CFR. In late January, the nominal price level for bulk ex-US HMS I/II 80:20 scrap was at about $450/mt CFR.

In the container scrap segment, prices have declined further with overall buying remaining slow. The workable price level for shredded scrap has dropped by $15-20/mt over the past week to $410-415/mt CFR, according to sources. A deal for HMS I/II 80:20 in containers has been reported at $400-405/mt CFR early in the week.


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