Twitch tags plummet on ‘Green Fence’ concerns

May 14, 2013 | 03:42 PM | Nathan Laliberte

Tags  twitch, zorba, nonferrous auto shred, nonferrous scrap, Nathan Laliberte

NEW YORK — The price for twitch, a higher grade of shredded nonferrous automotive scrap, fell about 9 percent May 13 as market participants said China’s "Operation Green Fence" was creating an oversupply of raw material (amm.com, May 7).

"Green Fence is having a big impact on this scrap type," one major buyer told AMM, adding that he had purchased several loads of twitch at roughly 7 cents per pound below levels seen last month.....





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