High demand, tight supply buoy zorba prices
Mar 11, 2013 | 01:45 PM
| Nathan Laliberte
Tags
zorba,
twitch,
aluminum scrap,
auto shred,
Nathan Laliberte
NEW YORK — Domestic prices for shredded aluminum scrap, known as zorba, have weakened slightly since the start of March, but sources told AMM that higher demand and tighter supply kept tags from falling further in step with exchange prices.
Picked-up prices for 90-percent metallic units have slipped to 72 to 74 cents per pound, down from 73 to 75 cents in the first week of February, market participants said.
"For us, it’s a domestic product right now," one seller told AMM. "Prices have weakened, but the domestic market is still pushing for higher numbers, largely because of supply issues. Inbound flows have been terrible, and bad weather has made it a lot more difficult to acquire material."....
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