Metal Bulletin’s assessment of import prices for Japan-origin heavy melting scrap 1&2 (80:20) sold into Vietnam was at $360-365 per tonne cfr for the week ended Friday August 10, unchanged from a week ago.
Prices remained stable this week due to limited buying interest among end-users in southern Vietnam.
Japanese suppliers offered HMS 1&2 (80:20) at $365 per tonne cfr Vietnam this week. Key traders said they were expecting negotiations to take place around $360-365 per tonne cfr Vietnam.
“I have asked a number of buyers, but no one has submitted firm bids for HMS 1&2 (80:20) cargoes so far,” a Japanese trader said.
There was more spot trading activity for lower-grade materials, with at least four deep-sea cargoes of such products of various origin...