NEW YORK Export
prices for zorba, a lower-grade nonferrous auto shred, have
remained relatively steady over the past few weeks as strong
Chinese demand for material with high metallic content
continues to buoy the market, sources said.
"The zorba price has
stayed the same in a scrap market that has shown some recent
deterioration," one zorba exporter told AMM. "We can
sell all the zorba we need to sell. China will pay up for good
material but they dont want crap."
Most exporters said
prices for material with 94- to 95-percent metallic content
hovered at 75 to 75.5 cents per pound, while prices for
material with 90- to 92-percent metallic content were roughly 2
cents lower, or 73 to 73.5 cents per pound.
Exporters noted that
even though "Operation Green Fence" is still in effect (
amm.com, May 16), a better understanding of the
rules and regulations has allowed exporters to ship loads
without fear of rejections or delays at the ports.
"We dont have a
problem with Green Fence and zorba. As long as the loads are
not contaminated with banned materials, China is more than
happy to accept zorba. They need the material," a second
A third exporter said
that zorba has become one the easiest shred products to ship
into China, provided the metallic content is above 90 percent.
"Forget about zurik and other items that have been banned," he
said. "China doesnt want it. Zorba seems to be the only
thing they (Chinese consumers) can take at the moment."