get your copper in now

**Mick** · 04-23-2013, 10:47 AM

Originally Posted by thecritta

Really what is the reason for the sudden price drop?

I lost about $30 today at the scrap yard today copper
& brass is down.

here are my yard prices:

Clean Copper no 1 $6.00 down $5.50 per kilo

Copper Dirty no 2 $5.00 down $4.50 per kilo

Brass $3.50 down $3.00 per kilo

Does anybody know how long this is going to last?
If it keeps going this way I am pulling out of the game.

:-(

I'm guessing for the foreseeable future. We need to come out of this global recession before we'll see any real increase and all indications are that that will take years. I'm stockpiling copper and turning over the iron and computer scrap. Another trick - watch gas prices. Copper will (usually) follow gas prices.

**volvoscrapper** · 04-23-2013, 11:56 AM

Originally Posted by taterjuice

An old boy round here who retired from running a local coop once laid this little gem on me:
Bears will make money, bulls will make money but hogs always go broke.

On Wall Street they say it a little differently:

Bears make money, bulls make money, pigs get slaughtered.

**hobo finds** · 04-23-2013, 12:06 PM

Daily Exchange Data - LME Short History & Summary - Copper

**greytruck** · 04-23-2013, 12:07 PM

I got $2.52 a lb for #2 copper wire today, still down. Electric motors were down too.

**eesakiwi** · 04-23-2013, 11:47 PM

Its dropped here in NZ too, twice in the last 2 weeks.
Was NZ$7.20/Kg
Now its $5.90/Kg

Thats a drop of US$1 per Kg or US$0.45 cents a Lb (?)

**thecritta** · 04-25-2013, 08:45 AM

Good news it is rising back up again towards $7000 a ton.
Lets hope it keeps on rising back up again.

London Metal Exchange: Copper

**thecritta** · 04-26-2013, 08:21 AM

Copper is up again at $7100 a ton approaching $7200.

**eesakiwi** · 04-29-2013, 12:46 AM

Originally Posted by eesakiwi

Its dropped here in NZ too, twice in the last 2 weeks.
Was NZ$7.20/Kg
Now its $5.90/Kg

Thats a drop of US$1 per Kg or US$0.45 cents a Lb (?)

I just relised that the quote amounts (In $ or pounds of whatever nation) is pretty much exactly what I get for my Copper right now. ie its $7200/ton & I get NZ$7.20Kg.

**Electrowaste** · 04-29-2013, 06:16 PM

I'll hoard for sure. I'm not buying now but as always accepting things for recycling. Steel has stayed .11/lb. for me so if I need to free up some cash I'll take prepared steel in. For now I'm good. I like the saying "Bears make money, bulls make money, pigs get slaughtered" Never heard it before but I concur.

**Libertytow** · 04-29-2013, 06:25 PM

just took in a load of copper no time in the future will in bhe doing that again i didi get over $3.00 a lbs but only becuase i brought in over 1k lbs

**sledge** · 04-29-2013, 07:38 PM

Originally Posted by volvoscrapper

On Wall Street they say it a little differently:

Bears make money, bulls make money, pigs get slaughtered.

Spot on! Words to live by if you ever get into trading any commodity electronically!

**scrapperdan** · 04-29-2013, 07:55 PM

Everything is going down. ive been getting .116 for steel and now getting .104

**BohemianLush** · 04-30-2013, 10:45 AM

Looks like the Denver market could be dropping up to $30/ net ton in May. We could be below last June's prices...

**vamankumar** · 05-30-2014, 05:08 AM

Hi Mike,
Its really Bad you lose $30. Vaman Kumar said you must know that copper is a commodity that is very volatile and could change the price of its products. You do not need to worry too much prices will be fluctuated soo.