NEW YORK Export
prices for shredded aluminum scrap, or zorba, have weakened
over the past month as exporters have attempted to elevate
metallic minimums to meet Chinas stepped-up standards for
solid waste imports (
amm.com, May 16).
Picked-up prices for
90-percent metallic units with 3-percent red metal hovered
around 72 to 73 cents per pound, down 1 to 2 cents from a month
earlier, exporters said.
"China is not
aggressively buying zorba like they used to," one exporter told
AMM. "I think Chinese consumers are being very
tentative, which is keeping a lot of material stateside. At the
same time, some of the domestic media (separation) plants do
not have a huge appetite for zorba. Basically, the overall
tempo has subsided a little bit."
Others said that
demand from China is still robust, especially for higher-grade
"My buyers are always
buyingthey need the material," a second exporter said. "I
think that demand for the higher grades of zorba is stronger
than its ever been. When people say that Chinese
consumers are not being aggressive, its because buyers no
longer want marginal grades of zorba."
Most exporters said
that picked-up prices for higher grades of zorba, in the 94- to
95-percent metallic range with 3-percent red metal, were in a
range of 74 to 76 cents per pound.
"Prior to shipment, we
are processing our zorba multiple times, which obviously takes
more time and costs more money," a third exporter said, adding
that raising the metallic content of the material was the best
way to ensure that loads wouldnt get rejected at
"Putting an additional
cost on zorba is certainly not ideal, especially when the
shredding business as a whole has been struggling as of late,
but its what we have to do to get the material out of the
country," the third exporter said.