US West Coast and Houston dock prices declined Tuesday on dismal export prospects. 

 

There were limited exports to Asia because of soft demand, countries on lockdown, limited container availability, higher freight costs, and logistical uncertainties. The Houston market had lower dock prices on Tuesday, as Turkish scrap import prices also declined because of tapered Asian demand and lower prices expected during the early April scrap cycle.  

 

In Los Angeles, the weekly Davis Index for HMS 1&2 (80:20) remained flat at $143/gt delivered, while the index for P&S 5ft was also unchanged at $154/gt delivered, and the index for shredder feed remained at $97/gt delivered. According to market participants, the terminal in Los Angeles will announce an additional price decline on April 1. 

 

In San Francisco, the Davis Index for HMS 1&2 (80:20) decreased by $27/gt to $140/gt delivered, while the index for P&S 5ft decreased by $23/gt to $152/gt delivered, and the index for shredder feed decreased by $6/gt to $106/gt delivered. Market participants in the San Francisco area said dealers have reported sales by smaller scrap yards that were substantially below Davis Index levels, and that larger dealers were able to place product near index levels.

 

In Portland, the Davis Index for HMS 1&2 (80:20) decreased by $49/gt to $152/gt delivered, while the index for P&S 5ft decreased by $52/gt to $161/gt delivered, and the index for shredder feed decreased by $29/gt to $104/gt delivered.

 

The indexes in Houston declined as well. HMS 1&2 (80:20) decreased by $46/gt to $114/gt delivered, while the index for P&S 5ft decreased by $46/gt to $139/gt delivered, and the index for shredder feed decreased by $16/gt to $99/gt delivered.

Leave a Reply

Your email address will not be published.