Zorba export prices flat amid China’s ‘Green Fence’ challenges
Apr 29, 2013 | 04:45 PM
| Nathan Laliberte
NEW YORK Export prices for shredded aluminum scrap, known as zorba, have remained essentially flat since the beginning of April, with shippers increasingly seeking new ways to meet stepped-up restrictions on imports in northern China, sources say.
Picked-up prices for 90-percent metallic units with 3-percent red metal hovered around 74 to 75 cents per pound, unchanged from last months price, market participants said.
"The port of Ningbo (in China) is applying a very strict standard right now," one exporter said. "They have put a restriction on shipments of loose material. I have heard that some people are shipping in super sacks to get the material through inspection." ....
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