Due to the strong demand from South East Asia and anticipation in sea freight increase, the international scrap price surge up further in May after a whole month’s increase.
The offer of US 80:20 container scrap grew to US$278~280/ton, and ship scrap 80:20 from South Africa climbed to US$318/ton.
Moreover, source revealed that C&F offer of container scrap from Europe and South Africa to South East Asia soared to as high as US$300~305/ton, while purchase from China is already completed at the level of US$300/ton. Source: Yieh.com
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Tuesday, May 19, 2009
09:17 |
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