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Price notice: Launch of US zorba price

Jun 25, 2020 | 10:20 AM | New York | Sean Barry

Tags  price notice, zorba, price launch


Following an extensive consultation period, Fastmarkets AMM will launch an aluminium scrap zorba price in the United States on Thursday July 2, 2020.

Based on research and a consultation among market participants, the specification for the US domestic zorba price will be 95/3, delivered to Midwest secondary smelters, US cents per lb. The price will be published on a weekly basis on Thursday and form part of the secondary smelters’ aluminium scrap assessment.

The full specification includes:

Quality: Zorba 95% metallic content; 3% copper and brass
Quantity: Truckload (around 44,000 lb)
Location: US Midwest, delivered to smelters
Unit: Cents per lb
Publication: Weekly, Thursday

For inputs received outside of the 95/3 specification, Fastmarkets AMM will apply a normalization formula in order to include the price input in the final assessment. 

The launch of a US domestic price for zorba follows a one-month consultation period that ended on March 6 and was extended until May 15. 

Zorba is the byproduct of the auto shredding process and one of the most widely traded scrap grades in the world. It is also a feedstock for the A380 aluminium alloy and the launch of an assessment for this key grade in the domestic market will provide Fastmarkets customers with a full suite of aluminium scrap prices.

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 AMM’s pricing methodology and specification documents, click here.



 

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