December 26, 2014
SHIP BREAKING PRICES
Almost two months of continuous falls has been seen since the market was last trading above
USD 500/LT LDT and it has now become apparent that about USD 100/LT LDT in falls have
been realized to date, with the worst (perhaps) not over yet.
For week 51 of 2014, GMS demo rankings for the week are as below:
|Demo Ranking||Country||Market Sentiment||GEN CARGO
|1||Pakistan||Weak||USD 405/lt ldt||USD 430/lt ldt|
|2||India||Weak||USD 400/lt ldt||USD 430/lt ldt|
|3||Bangladesh||Weak||USD 400/lt ldt||USD 425/lt ldt|
|4||Turkey||Weak||USD 290/lt ldt||USD 300/lt ldt|
|5||China||Weak||USD 220/lt ldt||USD 250/lt ldt|
Yieh reports that the US H1 scrap prices averaged at US$310.83/long ton on December 22th, holding flat from the previous week. The average prices of H1 scraps in Pittsburgh were at US$241/long ton, keeping unchanged; those in Chicago were at US$319.5/long ton, holding steady; and those in Philadelphia were at US$293.5/long ton, keeping unchanged; all in comparison with the previous week.
In the given period of time, the H1 scrap averaged at US$224.17/long ton in New York, Houston and Boston, holding flat from the previous week.
According to the German Scrap Federation (BDSV), the country’s scrap prices increased by 1.5% on average during the first 20 days in December compared to the same period a year ago.
It is estimated that new arisings will be prevailing at €244/ton in December. The price of new arisings scrap in November was averaged at €222/ton. Current demand for scraps has remained relatively flat in the domestic market.
REFERENCE SCRAP PRICES USA
yellow brass $1.61
Bare bright $2.36 per lb
#1 copper $2.31 per lb
#2 copper $2.11 per lb
Light copper $2.02 per lb
Heliax Wire $1.20
Romex Wire $1.00
Cat 5-6 Wire $0.90
Heavy Melt Prepared $230.00 gt
Heavy Melt Unprepared $205.00 gt
Junk Cars $160.00 gt
Sheet Iron $185.00 gt