new payout

My yard used to have a nice way of paying , They had a price and the price was fixed day after day even weeks .The spot market could go up and down but price was stable. But if spot stayed low to long then the yard responded. as prices went up there was a week delay till prices went up. Now my yard has a new price sheet each day & price seems to reflect the market for each day. Copper was 2.35 next day was 2.58 day after that 2.39 All metals seem to have this new pay out . Not sure if this is a good thing .

I wonder if the owner of the yard got stuck with certain metals bought to high ? Only thing nice is now you know the price each day ,before they looked so annoyed to tell price each day (as often it never changed)

Now It's time for me to study the market trends & figure there spread .

In a case like that you should certainly make a call to the yard for their current price before you pull out of the drive way.

Isnt that the norm though? Or at the very least, legitimate way? I have two yards I use and one never changes prices except for Earth week. I figure they get away with it because there is no competition around.

I asked them the other day how come they never change prices and he said it would for Earth week.

I guess it is legitimate and it should even out . But they pay the least for copper I notice compared to the members here . now they pay the least based on day to day spot
they used to absorb the ups and downs . It's got to be for there benefit .

the market is pretty volatile right now, i think the yard is doing the right thing setting prices daily right now

Sounds like your yard just learned how to use the internet!

I might be wrong but I always thought the yards operate under contracts. Like commodities, x number of tons delivered for a certain month(like 3 months or 6 months) This is why they can keep the prices the same for a long time without a change. Sounds like the yard you are using think if they change thiere prices every day with the market that some days they will be paying less for thiere metals yet they get paid the price of the contract. Most of the yards I use the price stays the same for as long as 6-8 months at a time no matter what the market does.

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Originally Posted by happyscraper

I might be wrong but I always thought the yards operate under contracts. Like commodities, x number of tons delivered for a certain month(like 3 months or 6 months) This is why they can keep the prices the same for a long time without a change. Sounds like the yard you are using think if they change thiere prices every day with the market that some days they will be paying less for thiere metals yet they get paid the price of the contract. Most of the yards I use the price stays the same for as long as 6-8 months at a time no matter what the market does.

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I bet thats it , theres is no real competition they are the game . so all I need do is find it just keep finding it

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Originally Posted by happyscraper

I might be wrong but I always thought the yards operate under contracts. Like commodities, x number of tons delivered for a certain month(like 3 months or 6 months)

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Yes, I believe that to be true and that is why some change prices based on the flow of inventory coming in. If they are worried about meeting their commitment then price goes up or vice-versa...supply and demand/capitalism at work. The more yards around them the more competitive they need to be.

I think many of the contracts are month to month.