Vietnam scrap imports declined in May

Published: Jun 23, 2015 19:20

Save

The most recently released trade data indicates that scrap imports by Vietnam during the month of May this year plunged heavily when compared with the previous month.

By Paul Ploumis 23 Jun 2015 Last updated at 03:58:59 GMT

TOKYO (Scrap Monster): The most recently released trade data indicates that scrap imports by Vietnam during the month of May this year plunged heavily when compared with the previous month.

Vietnam imported 187,000 tons of scrap during May ‘15. This is 25.7% down when compared with the imports during the month before. The scrap imports by the country had totaled 252,000 tons during Apr ‘15.

The import value generated by scrap during the fifth month of the year 2015 amounted to US$49.99 million. The ferrous scrap import value dropped significantly by 26.5% from the previous month. The total value generated by scrap imports had touched $68.014 million during Apr ‘15.

The cumulative scrap imports by the country during the initial five months of the year totaled 1.06 million tons. The scrap imports were down by 18.93% when compared with imports during the corresponding five-month period in 2014.

The Vietnamese scrap imports are estimated to total around 2.56 million tons during the entire year 2015.

scrap export scrap imports ferrous scrap price scrap volume scrap export non-ferrous vietnam

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

5 hours ago

February Primary Aluminum Billet Operating Rates Hit a Nearly Four-Year Low [SMM Analysis]

[SMM Analysis: February Operating Rate of Primary Aluminum Billets Hit a Nearly Four-Year Low, Expected to Recover to Peak-Season Levels Seen in the Same Period in Previous Years in March] According to SMM statistics, the operating rate of aluminum billets in February fell sharply by 9.2 percentage points MoM to 41.4%, down 7.7 percentage points YoY. After aluminum prices surged to a record high at the end of January, they saw a sharp correction ....

5 hours ago

10 hours ago

Middle East Conflict and Trade Barriers Halt Aluminum Plate, Sheet, Strip, and Foil Exports

Among them, the Gulf region was an important consumer market for China in the Middle East: China’s exports of aluminum plate/sheet and strip to Saudi Arabia reached 42,500 mt, and aluminum foil 58,000 mt; exports of aluminum plate/sheet and strip to the UAE reached 103,500 mt, and aluminum foil 93,800 mt; the other four countries (Bahrain, Qatar, Kuwait, and Oman) accounted for combined exports of about 22,000 mt of aluminum plate/sheet and strip and about 11,000 mt of aluminum foil.

10 hours ago

12 hours ago

US Inflation Rises 0.3% in February, Matching Expectations; Fed Rate Cut Timing Unclear Amid Iran Oil Crisis

The latest US inflation data has been released, showing that seasonally adjusted CPI in February rose 0.3% MoM and was up 2.4% YoY; core CPI increased 0.2% MoM and rose 2.5% YoY, with all figures in line with market expectations. However, the prevailing market view is that the February data has not yet reflected the impact of the sharp rise in oil prices caused by the situation in Iran. Therefore, further data is still needed to support judgment on when the US Fed will cut interest rates again.

12 hours ago