Ferrous scrap bookings into Southeast Asia have risen by $5 per
tonne in the past two weeks, tracking suppliers' higher offers.
Bookings of HMS 1&2 (80:20) in the region for materials
from the USA and Europe were at $450-460 per tonne cfr this
week, up from $445-455 per tonne cfr
two weeks ago
, mill and trading sources in the region
"Many buyers are bidding at below $450 per tonne cfr, but many
suppliers have refused to accept these lower bids," a trader in
"It's April, and winter is ending, but some suppliers said
supply is still tight in Europe," another trader in Vietnam
Thin volumes are being sold as buyers have been restocking
since early March, traders said.
"The week's sales are quite small, perhaps around 3,000-5,000
tonnes. Sales enquiries are slowing down too," the first trader
in Vietnam said.
Small volumes are also being sold in Malaysia, as some mills go
"The big boys have not ordered yet. It's the smaller mills that
are ordering," a trader in Singapore with operations in
In Indonesia, scrap supply has temporarily been halted for allegedly containing toxic
European and US suppliers have raised offers for HMS 1&2
(80:20) to $460-465 per tonne cfr this week, up from $450-460
two weeks ago.
"International prices continue going up, as Turkish buyers are
buying again after a two-three week break," the first trader in
Metal Bulletin's Daily Ferrous Scrap Index rose slightly to $439.72 per
tonne cfr Iskenderun on Tuesday April 3
on an HMS 1&2
(80:20) basis, up from $438.53 a day earlier.
The breakbulk market has shown some activity in the past two
Offers for breakbulk are at $480-485 per tonne cfr, unchanged
for the fourth week.
But some buyers in Vietnam were booking breakbulk cargoes at
$475-480 per tonne cfr at the end of March, up from $450 cfr in
Some buyers in Indonesia are also making enquiries for
breakbulk scrap in Europe, though no deals have been confirmed,
sources told Metal Bulletin.