Zorba export prices flat amid China’s ‘Green Fence’ challenges

Apr 29, 2013 | 04:45 PM | Nathan Laliberte

Tags  zorba, Operation Green Fence, shredded aluminum, Ningbo, super sacks, 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 month’s 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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