By Vibin Antony
Prices for containerized Taiwanese imports of HMS # 1&2 80:20 dipped by $2 a ton to $223 a ton CFR Taiwan port last week amid poor demand and declining prices in Japan.
As per Scrap Register Price Index, scrap prices for aluminium, copper, brass, zinc and lead showed almost bearish trend last week.
According to the Steel Index, Sentiment in the Taiwanese scrap market remained negative as mills continued to keep their bids low in line with their bearish outlook on scrap prices.
With iron ore falling to below $60/dry tonne, buyers are adamant that their bids will remain low, leaving scrap suppliers with seemingly little choice but to cave in to these levels if they wish to shift cargoes in the near future.
Taiwanese scrap prices followed a consistently downward trend throughout January with weekly falls ranging between $5 and $10 a ton.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
Prices for containerized Taiwanese imports of HMS # 1&2 80:20 dipped by $2 a ton to $223 a ton CFR Taiwan port last week amid poor demand and declining prices in Japan.
As per Scrap Register Price Index, scrap prices for aluminium, copper, brass, zinc and lead showed almost bearish trend last week.
According to the Steel Index, Sentiment in the Taiwanese scrap market remained negative as mills continued to keep their bids low in line with their bearish outlook on scrap prices.
With iron ore falling to below $60/dry tonne, buyers are adamant that their bids will remain low, leaving scrap suppliers with seemingly little choice but to cave in to these levels if they wish to shift cargoes in the near future.
Taiwanese scrap prices followed a consistently downward trend throughout January with weekly falls ranging between $5 and $10 a ton.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
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