Japan

The weekly index for #2 HMS, Wednesday, fell by JPY1,000/mt ($9.03/mt) to JPY49,000/mt ($442.44/mt) fob Japan and JPY48,000/mt ($433.41/mt) fas Japan.

 

Japanese P&S 5ft (small bulk) settled at $560/mt cfr China port, down by $5/mt. For China, offers for the grade heard at $560-$570/mt cfr China. Chinese mills have slowed imports on high offers. 

 

In the small bulk market, offers for Japanese #1 busheling (Shindachi) rose to JPY64,500/mt ($582.40/mt) fob amid a short supply of high grades. The weekly index for the grade dropped by JPY1,000/mt ($9.03/mt) to JPY60,500/mt ($546.28/mt) fob Japan and JPY59,000/mt ($532.74/mt) fas Japan. 

 

The weekly Davis Index for shredded, Wednesday, fell by JPY1,000/mt to JPY54,000/mt ($487.59/mt), and the index for HS was at JPY56,250/mt ($507.91/mt) fas Japan, down by JPY1,000/mt.  

 

Offers for Japanese HMS 1&2 (50:50) were at $495-500/mt cfr Vietnam, with the index for the grade settling at $490/mt cfr Haiphong, up by $5/mt. Mills kept their bids at $480/mt cfr Vietnam. Ocean freight from Japan to Vietnam is $55-58/mt.  

 

The index for Japanese HMS 1&2 (50:50), Wednesday, settled at $480/mt, up by $5/mt cfr Taiwan.

 

South Korea

The weekly Davis Index for containerized HMS 1&2 (80:20), Wednesday, settled at $457/mt cfr South Korea, up by $2/mt. But mills were reluctant to accept prices above $465-470/mt cfr South Korea, despite improvement in domestic demand. 

 

The weekly Davis Index for P&S 5ft, Wednesday, rose by $2/mt to $484/mt cfr South Korea. The index for shredded also rose by $2/mt to $477/mt cfr South Korea. 

 

The weekly Davis Index for HMS #1, Wednesday rose by $1/mt to $465/mt cfr South Korea.

 

Deal for Japanese H2 heard at JPY52,200/mt ($471.34/mt) cfr South Korea, while the fob level was at JPY48,000 ($433.41/mt).   

 

Taiwan

The weekly Davis Index for containerized US-origin HMS 1&2 (80:20), Wednesday, settled at $462/mt cfr Taiwan, up by $3/mt. On Wednesday, most offers were at $465-470/mt cfr Taiwan. The weekly Davis index for HMS 1&2 (50:50) settled at $480/mt, up by $5/mt cfr Taiwan.  

 

($1=JPY110.75, TWD27.98, KRW1137.22)

Leave a Reply

Your email address will not be published.