Following positive market feedback, Fastmarkets AMM is launching weekly shredder feed prices on Monday November 19 representing the average buying price of regional auto shredding operations.
After a consultation period, the price series will gauge fluctuations in overall shredder buying prices, a leading indicator of where the obsolete scrap market is headed. Prices for the Midwest, Southeast and Ohio Valley regions will be reported every Monday.
The three prices will be listed in gross tons and reflect the published prices of shredders, delivered at place. Special premiums given to large shred feed suppliers such as auto wreckers will not be considered.
Fastmarkets AMM has no financial interest in the level or direction of the index.
To provide feedback on this price, or if you would like to provide price information by becoming a data submitter to this assessment, please contact Lisa Gordon at firstname.lastname@example.org. Please add the subject heading FAO: Lisa Gordon, re: shredder feed.
To see all of Fastmarket AMM’s pricing methodology and specification documents, click here.