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Price notice: US zorba price consult extended

Mar 25, 2020 | 01:03 PM | New York | Sean Barry

Tags  price notice, zorba, US zorba


Fastmarkets is extending the consultation period for the proposed launch of an aluminum scrap US zorba buying price, delivered to Midwest secondary smelters, US cents/lb.

The extended 30-day consultation period for this proposed price launch will end on Sunday April 5; an update to this notice will be published the following day on Monday April 6. This follows a one-month consultation period that ended on Friday March 6.

Fastmarkets is proposing to launch one of the following three options for a US domestic zorba price and is inviting market feedback as to which price would fully reflect the majority of material being traded domestically. Fastmarkets plans to add export zorba prices once Chinese regulations have been finalized and normal trade flows resume. 

Quality: Zorba 94/3 min; or Zorba 95/3 min; or Zorba 96/3 min
Quantity: Truckloads (around 44,000 lb)
Location: US Midwest, delivered to smelters
Unit: Cents per lb
Publication: Weekly, Thursday

Fastmarkets calls on industry participants to make alternative suggestions if the proposed specifications do not fully reflect the practices of the domestic US zorba market.

To provide feedback on this price, or if you would like to provide price information by becoming a data submitter to this price, please contact Sean Barry or Jenny Stewart by email at: pricing@fastmarkets.com. Please add the subject heading FAO: Sean Barry or Jennifer Stewart, re: zorba. 

To see all of Fastmarkets' pricing methodology and specification documents, click here.


 

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