Results 1 to 8 of 8

China shuts out US for 30 days

| General - Let's talk business
  1. #1
    mthomasdev started this thread.
    mthomasdev's Avatar
    SMF Badges of Honor


    Member since
    Apr 2012
    Location
    pittsfield, ma
    Posts
    1,095
    Thanks
    282
    Thanked 1,285 Times in 577 Posts

    China shuts out US for 30 days

    China freezes out US scrap shipments for 30 days - Recycling Today

    Let's see how this effects prices.



    US Scrap industry needs to adjust and start processing all of our own material. Keep the jobs here.

  2. The Following 8 Users say Thank You for This Post by mthomasdev:



  3. #2
    hobo finds's Avatar
    SMF Badges of Honor


    Member since
    Nov 2010
    Location
    tucson, az
    Posts
    4,396
    Thanks
    5,375
    Thanked 5,286 Times in 2,302 Posts
    I wonder if this is a reason for aluminum scrap prices to remain flat even though the spot price of aluminum has been going up.
    Better than the dump!

  4. The Following 2 Users say Thank You for This Post by hobo finds:


  5. #3
    eesakiwi's Avatar
    SMF Badges of Honor



    Member since
    Dec 2010
    Location
    NZ
    Posts
    2,215
    Thanks
    2,018
    Thanked 2,143 Times in 1,032 Posts
    Quote Originally Posted by hobo finds View Post
    I wonder if this is a reason for aluminum scrap prices to remain flat even though the spot price of aluminum has been going up.
    In NZ we reopened a plotline at the Aluminium smelter, that's about 50+ tons a day & some well paying jobs.
    They have shut down several plotlines over the last 15 years & to reopen one is welcome and unusual.
    Its extra high grade Aluminium used in Capacitors & 100% hydro power electricity.

  6. The Following 6 Users say Thank You for This Post by eesakiwi:


  7. #4
    armygreywolf's Avatar
    SMF Badges of Honor



    Member since
    Dec 2013
    Location
    Germantown, WI
    Posts
    1,014
    Thanks
    180
    Thanked 1,919 Times in 600 Posts
    What is interesting is China hasn't bought signifcant Aluminum since October, down more than 30% according to charts. Japan is buying and so is Europe (quite alot). China can sit it out indefinitely and suffer the consequences. They are trying market manipulation tactics to get around tariffs without understanding the market is supported globally. They have tried pump and dumps on Copper recently too without really affecting price more than a penny or two. I leave my market watch screen up all day, every day watching it when I am at the shop, kind of funny to see China squirm like this, after doing it for us for thirty years.
    WI ITAD LLC, IT Liquidation Services, we remarket, buy and sell scrap electronics No customer too large or small!

  8. The Following 9 Users say Thank You for This Post by armygreywolf:


  9. #5
    SMF Badges of Honor


    Member since
    Aug 2011
    Posts
    132
    Thanks
    7
    Thanked 116 Times in 52 Posts
    Quote Originally Posted by armygreywolf View Post
    What is interesting is China hasn't bought signifcant Aluminum since October, down more than 30% according to charts. Japan is buying and so is Europe (quite alot). China can sit it out indefinitely and suffer the consequences. They are trying market manipulation tactics to get around tariffs without understanding the market is supported globally. They have tried pump and dumps on Copper recently too without really affecting price more than a penny or two. I leave my market watch screen up all day, every day watching it when I am at the shop, kind of funny to see China squirm like this, after doing it for us for thirty years.
    What live charts/sites are you using? I check kitco base metals daily. Alum spot is over $1.05/lb. Still only getting about 55c/lb here for 6061/6063 mix clean solids. Copper has kinda flat-lined a little around $3.09ish

  10. #6
    armygreywolf's Avatar
    SMF Badges of Honor



    Member since
    Dec 2013
    Location
    Germantown, WI
    Posts
    1,014
    Thanks
    180
    Thanked 1,919 Times in 600 Posts
    kitco/comex rss feeds as well as my usual stocks

  11. #7
    hobo finds's Avatar
    SMF Badges of Honor


    Member since
    Nov 2010
    Location
    tucson, az
    Posts
    4,396
    Thanks
    5,375
    Thanked 5,286 Times in 2,302 Posts

  12. The Following User Says Thank You to hobo finds for This Post:


  13. #8
    ScrapmanIndustries's Avatar
    SMF Badges of Honor


    Member since
    Feb 2017
    Location
    Easton, Pa
    Posts
    217
    Thanks
    64
    Thanked 181 Times in 72 Posts
    Quote Originally Posted by mthomasdev View Post
    China freezes out US scrap shipments for 30 days - Recycling Today

    Let's see how this effects prices.

    US Scrap industry needs to adjust and start processing all of our own material. Keep the jobs here.
    Thanks to Freon Joe for his advice I'm now doing Sealed Units here. We were putting them In shipping containers and sending them to somewhere in Asia. But now that I got experience and the set up to run them I've been able to keep up with them so far. The steel gets shredded and cast Into sewer pipe here in Jersey. Not sure where the copper ends up, but at least the majority of the steel from em is staying out of China.

  14. The Following 2 Users say Thank You for This Post by ScrapmanIndustries:



  15. Similar threads on the Scrap Metal Forum

    1. China are back at it
      By ElChaffinch in forum Off Topic Discussions
      Replies: 7
      Last Post: 02-20-2016, 06:54 PM
    2. China is still growing
      By Copper Head in forum A Day in the Life of a Scrapper
      Replies: 12
      Last Post: 10-13-2014, 03:22 PM
    3. Some days you win. Some days you lose.
      By bmasyga in forum A Day in the Life of a Scrapper
      Replies: 19
      Last Post: 11-14-2012, 05:59 AM
    4. Some days you win. Some days you lose.
      By bmasyga in forum Misc. Metal Recycling
      Replies: 1
      Last Post: 10-06-2012, 06:29 PM
    5. hello everybody here ! New from CHINA
      By Pliny in forum Introduce yourself
      Replies: 15
      Last Post: 07-23-2011, 11:18 AM

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook