Strong spot demand for ferrous scrap in Vietnam has continued to boost prices in the week to Friday June 5, with a flurry of purchases at higher prices.
Bids for bulk cargoes of Japanese H2 scrap were at $260 per tonne cfr southern Vietnam this week. Offers were at $263-268 per tonne cfr southern Vietnam at the start of the week, but increased to $265 per tonne cfr by Friday. There was not much interest in buying Japanese material.Japanese H1&H2 (50:50) cargoes were offered at $270 per tonne cfr Vietnam, with bids at $263 per tonne cfr southern Vietnam.
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