Dock collection prices for ferrous scrap on the US East Coast and in Houston remained unchanged, barring some soft movements.
Price strength has been growing on the East Coast through the first half of June as export movements remain active. However, sellers reveal mixed sentiment for July. The industry is quiet as prices and demand are projected to linger at present levels until domestic or export markets experience a shift in activity, which would give more clarity on price direction.
In Boston, the weekly Davis Index for export yard HMS 1&2 (80:20) increased by $1/gt from $218/gt to $219/gt delivered dock, and P&S 5ft rose $1/gt from $227/gt to $228/gt delivered Boston dock. The index for shredder feed increased by $3/gt from $159/gt to $162/gt delivered.
The weekly Davis Index for export yard buying prices in New York for HMS 1&2 (80:20) decreased by $2/gt from $221/gt to $219/gt delivered on Tuesday and decreased by $3/gt from $230/gt to $227/gt delivered New York dock for P&S 5ft. The index for shredder feed rose by $2/gt from $166/gt to $168/gt delivered.
In Philadelphia, the index for export yard collection prices of HMS 1&2 (80:20) decreased by $1/gt from $219/gt to $218/gt delivered. The Davis Index for P&S 5ft dropped $3/gt from $228/gt to $225/gt delivered Philadelphia dock, and prices rose $1/gt from $165/gt to $166/gt delivered for shredder feed.
The weekly Davis Indexes in Houston remained unchanged for HMS 1&2 (80:20) at $218/gt delivered and decreased by $2/gt for P&S 5ft from $230/gt to $228/gt delivered. The index for shredder feed was flat at $163/gt delivered.