India import shred prices continue to firm despite slow trading

摘要

London—Indian import prices for containerized shred material continued to rise over the week ending June 12, but market activity remained slow amid banking and payment concerns, sources said. S&P Global Platts assessed India import containerized shredded scrap at $282.50/mt CFR Nava Sheva June 12, up $5/mt on week from June 5. “The main thing driving the higher prices is the lack of scrap, as mills just didn’t buy enough in April and May, amid all the talk of having to clear cargoes at ports,” a UK trading source said.