Japanese FOB scrap unchanged as market reaches stalemate

摘要

Singapore—Japanese seaborne scrap prices were held unchanged Sept. 16, with trading at a standstill amid widening buy- and sell-side expectations, sources said. S&P Global Platts assessed the Japanese H2 FOB Tokyo Bay spot price at Yen 29,000/mt ($276/mt) Sept. 16, unchanged week on week. Tradable levels cited by both buyrs and sellers were converging at Yen 29,000/mt FOB, unchanged week on week.