NEW YORK Prices for zorba, a nonferrous auto
shred, remain steady but some U.S. exporters say the market
could be primed to rise due to Chinas continued growth in
the automobile sector.
China is definitely looking for material at this
point, one exporter told AMM. There is
also tightness on junk cars in the United States, which could
cause shippers to raise the price on zorba, especially if
Chinese demand stays strong.
Most exporters pegged prices for material with a 94- to
95-percent metallic content at between 77 and 80 cents per
pound and material with a 90- to 92-percent metallic content
at around 74 to 75 cents per pound, both unchanged from Sept.
Were seeing really steady demand right now. I
havent heard of any low-ball deals going on, and I
cant remember the last time Chinese consumers have
tried to aggressively push prices on high-quality
material, a second exporter said.
Meanwhile, Operation Green Fence, Chinas
stepped-up enforcement on imports of raw materials into the
country, continues to present challenges for exporters of
nonferrous auto shred. Some have attempted to narrow their
list of Chinese buyers in the hope of avoiding issues with
customs officials at Chinese ports.
Ive really only been selling to one guy lately
because I dont want any issues, a third exporter
said. I cant be dealing with consumers who have,
in the past, had any problems at port. The cost of getting a
load rejected is far too great for me to take on any