Following set of transactions reported at higher prices in Bangladesh last week, global scrap suppliers have remained bullish in their offers to this destination this week as well. However, business activity in the containerized segment has still been limited with only occasional deals reported at higher levels. At the same time, after a very long pause in purchases for bulk scrap, this week talks about ex-US order have been circulating in the market.
More specifically, according to sources, a deal for a mixed batch for ex-US scrap in bulk has been reported at $432/mt CFR for HMS I/II 80:20 scrap, at $437/mt CFR for shredded and $442/mt CFR for bonus scrap. “Bangladeshi buyers believe new deals will be done with discounts, with new bids heard for ex-US HMS grade scrap at around $425/mt CFR and for shredded at $430/mt CFR, respectively,” a Bangladeshi trader told SteelOrbis.
In the containerized segment, most offers have been on the rise this week. Specifically, offers for shredded scrap from EU/UK and Australia have been voiced at $440-445/mt CFR, against $435/mt CFR last week, while offers for PNS scrap have been heard $450-455/mt CFR, up by $10/mt week on week, with a few deals for around 3,000-5,000 mt have been signed at abovementioned level this week. Furthermore, while most offers for HMS grade scrap have increased to $425/mt CFR against $415/mt CFR last week, a few deals for ex-Australia HMS I/II 90:10 scrap have been reported at $415-420/mt CFR.
