Japanese scrap prices see gains for third week as suppliers go long

摘要

Singapore—Japanese seaborne scrap prices continued to see gains within the week leading to Feb. 17, as regional buyers returned amid tightened supply after the Lunar New Year holidays, sources said. S&P Global Platts assessed the Japanese H2 FOB Tokyo Bay spot price at Yen 40,000/mt ($377/mt), up Yen 1,500/mt on the week. Regional offers for H2 export cargoes were ranging higher at Yen 40,000-42,000/mt FOB, up Yen 1,000-2,000/mt from a week ago. While bids ranged Yen 40,000-40,500/mt from South Korean and Vietnamese buyers.