Price notice: Proposal to launch US zorba price
Fastmarkets AMM proposes to launch an aluminum scrap US zorba buying price, delivered to Midwest secondary smelters, US cents/lb based on initial research and a consultation among market participants.
The proposed assessment for a key grade in both the domestic and export markets will provide a full suite of aluminium scrap prices and a significant view into the export nonferrous scrap markets given recent changes in Chinese regulations.
Fastmarkets AMM 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.
The one-month consultation period for this proposed amendment will end on Friday March 6, with changes taking place - subject to market feedback - beginning on March 10.
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.