Zorba prices strengthen on China demand
Jun 25, 2013 | 05:08 PM
| Nathan Laliberte
NEW YORK A shortage of nonferrous auto shred, commonly known as zorba, in China has caused export prices to strengthen over the past week, sources said.
The crimp is due to Chinas Operation Green Fence, which increases enforcement on imports of raw material into the country, particularly on items containing circuit boards, ballasts, lead-coated copper cable and low-recovery breakage components (amm.com, May 28).
"We are finding that some of our smaller customers in China are now short of zorba because suppliers fear the arduous inspection of their materials," one exporter told AMM. "Likewise, Chinese importers, who also face penalties for rejections, are paying premiums for clean material even though there is really nothing wrong with the material they have been importing for years. Overzealous inspectors are creating a lot of unnecessary angst that in the end....
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