Copying and distributing are prohibited without permission of the publisher

Scrap prices into SE Asia flat at $380-405 cfr

September 02, 2010 - 08:04 GMT Location: Singapore

KEYWORDS: Indonesia , Malaysia , Singapore , Vietnam , steel

Ferrous scrap import prices into Southeast Asia have remained flat this week as market stabilises, said sources across the region.

Bookings of HMS 1&2 (80:20 mix) in containers from Europe, the USA, the Middle East and Africa are at $380-405 per tonne cfr this week, unchanged from last week, said mill and trading sources. Offers have widened slightly to $400-420 per tonne cfr, from $405-420 per tonne cf last week. "Prices have not gone up this week, as [the] market has slowly stabilised. Suppliers and buyers accept the current prices as the market prices,” said a trader in Vietnam. Scrap prices are at their regional highest in...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


subscribe to this feed Comment & analysis

  • COMMENT: When super-cycle poster child BHP Billiton trims its plans...

    BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.

  • LORD COPPER: There is nothing to fear after JP Morgan loss ...

    So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.

  • COMMENT: Keep calm and carry on?

    The decision of the Indonesian government last week to uphold the ore export ban and taxes from May 6 has failed to calm the nervous market. So far, both producers and buyers have displayed an impressive tolerance level to the export uncertainty. But how long will their patience last?

Upcoming Events

Most readMost emailed

Popular Searches on MB

MB Glossary


From Aluminium to Zinc...
Search this free glossary on metals