Data: SHFE, DCE market movement (Aug 06)

[India] The Indian domestic ferrous scrap market remained cautious, with prices showing mixed movements across major trading hubs as mills continued need-based procurement amid adequate supply. In northern Mandi Gobindgarh, HMS 1&2 (80:20) remained stable at 348.70 USD/tonne (33,200 INR/tonne), while end-cuttings were heard at 363.40 USD/tonne (34,600 INR/tonne). Ship-breaking scrap prices in Alang declined by 2.10 USD/tonne day on day to 346.60 USD/tonne ex-yard (33,000 INR/tonne). Elsewhere, Mumbai HMS 1&2 (80:20) eased 1.05 USD/tonne to 341.35 USD/tonne (32,500 INR/tonne), while Ahmedabad prices fell 2.10 USD/tonne to 334 USD/tonne (31,800 INR/tonne). Overall, cautious buying, sufficient scrap availability and flexible seller offers kept the market balanced, resulting in localized price adjustments rather than any broader directional trend.

[Sheets & Plates] Today, export prices of HRC and some other sheets & plates rose $1/mt DoD, with HRC transaction prices at $481-484/mt. After recent declines, prices have rebounded for several days, market inquiries increased, and some products whose prices did not follow the rise still saw certain deals.

[SMM Steel] According to market feedback, for Q235B with October shipment, the FOB price of medium-thickness plates with specifications of 14-30mm was settled at $530/mt, with the loading port being Tianjin port and the destination country being Vietnam.