Asia scrap market slumps on vessel quarantine, weak demand

February 06, 2020 / www.metalbulletin.com / Article Link

The Asian scrap market is resting in a mid-week slump on Wednesday February 5 on the back of a string of Wuhan coronavirus-related fears.

Shippers are now awaiting more announcements of mandatory quarantine periods - of up to 14 days - for vessels inbound to discharge ports.
Key northern Vietnam port Hai Phong has stipulated that any vessels that have visited Chinese ports (excluding Hong Kong) in the 14 days leading up to February 4, will have to conduct quarantine at an anchorage area, according to an official document seen by Fastmarkets.
Other major ports in Vietnam such as Cai Mep, Da Nang, Cai Lan and Phu My have similar measures, as well as disinfecting vessels and the supervision of garbage disposal.

"Ship crews are also...

Recent News

China's gold holdings to central bank reserves still low

September 30, 2024 / www.canadianminingreport.com

China has broad effect on gold market

September 30, 2024 / www.canadianminingreport.com

Gold stocks mixed after previous week's huge gains

September 23, 2024 / www.canadianminingreport.com

Large TSXV gold multiple driven up by high Artemis weighting

September 23, 2024 / www.canadianminingreport.com

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok