Zorba export prices flat despite twitch spikes
Jan 24, 2014 | 03:06 PM
| Nathan Laliberte
NEW YORK Weak international demand for zorba, a nonferrous auto shred, has prevented possible price increases for the grade, despite recent spikes in the domestic price of twitch, a high-grade nonferrous auto shred.
The price of domestic twitch has risen to 83 to 85 cents per pound in the past week, up around 5 percent from 79 to 81 cents previously, market participants said.
But U.S. export prices for zorba have remained relatively steady over the past few weeks, sources said. Material with 94- to 95-percent metallic content is unchanged at 73 to 75 cents per pound, while 90- to 92-percent material remains at 70 to 71 cents.....
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