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: firstname.lastname@example.org. 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.