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Took in a small load this morning to my main yard.
Shred 740# $160 a gross ton(2240#)
Alum Old Sheet Primary 20# $0.48#
#2 copper wire 41# $0.72#
AL/CU Rads 6# $1.22#
Sign on the door says prices are going down November 1st.
We have never been below 160 a gross ton in the 3 years I have been scrapper.
Doesn't look good for the winter!
My yard has been at $140.00 GT for steel since summer. BUT, thats just my yard I work at, not sure what the other yards which are normally higher are at right now since I don't turn in there any more, no time lol. it seems scrap is at around $200.00 GT for steel in January by me.
Man.. Hope this Gross Ton thing doesn't catch on!
Still diggin the Net Ton Pricing around here (2,000 lbs) - even if it is paying low!
2,000 pounds = a ton here also Haven't been in a few weeks it was at 170.- a ton
240 lbs. lost a ton that is like loosing $24.- each time I brought in a ton. :(( if I was getting .10 per lb.)
was 170 for shred tin a gt. now 150. e waste has also took a big hit. might try bulk sell desktops for better price. clean alum .35 lb. really? wheres the .50. .55 a lb go. gas here at raceway droped to 2.77 a gal.
Prices here in NZ have dropped 50 cents a kg for copper. That's a $100 loss for me. :(
Or a loss of the extra 14kg Copper to return the same value.
Our currency drop against the US$ may take a little bit of the sting out of it, but its still a loss.
In a horrorscope I read a few weeks ago it said "Wait till after the 28th before making big money decisions"
It musta been a Chinese horoscope, knowing metal prices are going to drop about then...
So what exactly is a "gross ton " is that less than 2,000# or more ? Not something I have to deal without ever, hopefully, but just curious.
2240lbs I belive it is roughly equal to a metric tonQuote:
Originally Posted by taterjuice
Yeah it's 2240# also know as a long ton, wished I would've googled that before I made a post looking like a tool. What a ripoff !!! Basically they are ripping you off for 240#.
So with that being said, let's do some math:
8.35 net tons 16,700#
8.35 gross ton 18,704 #
So for every 8.35 gross tons they buy they basically get 2004# for free vs buying by the net ton.
it depends on thier pricing. if the long ton yard is paying more than the short ton yard, it might divide out to the same or better.Quote:
Originally Posted by taterjuice
What i really miss is doing the price per lb in my head. 2240 makes some nasty numbers. I was getting .085-.095 all summer on tin/shred
I have 3 main yards one does gross ton (2240#), one does a ton(2000#) and the other is by the pound. It really is a wash when you break down what they pay per pound. The yard that pays gross ton will take fridges and dishwasher (lots of plastic) the yard that pays per pound won't take a fridge or dishwasher unless it's been stripped of a lot of plastic.
China and other world economics deal in metric tons (tonne) so these guys are probably just simplifying their balance sheets if a metric ton is a "gross" ton (a net ton to me would be how much is actual steel vs. the other crap that gets thrown in the and a gross ton would include everything in the pile).
Metals are commodities like other things such as grains and oil. The prices go up and down. Its hard to time markets. Most farmers around here that survived bad times such as the mid-1980s and such sell some of their corn and soybeans every month or so in the futures markets instead of all during harvest or right there after. The downside is that they don't catch the crest of huge spike in upward prices. The good side is that they don't get burned big time when prices crap out. Things tend to even out over time...
Im at $150 a ton for light here in jersey.
It's like many other things, Ice cream cartin looks the same but it is now 1 1/2 qts not 2, bacon and sausage 12 oz not 16. major cans of Tuna and vegies. more water, cream soup used to come out of the can in one big clump leaving a clean can, now just pour it out, cookies used to be 2 doz now 16 or 18. inflation is about more then cash.
I am suprised the scrapmetal buyers do not already deal in metric in the States.Quote:
Originally Posted by DakotaRog
This thread has also solved why our price per ton was so similar to what's being paid in the States, simply, your ton weighs more than ours...
But, back to metric, as we use Kg's and Tons, every time I sell, say 20Kg Copper, its probably actually 20Kg + a Lb
(Ie, 20.454Kg)
Every sale they would make would yeald a extra pound of metal...
I have a feeling this is all due to the dollar gaining strength again. When the dollar is weak, people want their “money” to be tangible so precious metals (eWaste) and other commodities gain value. Gasoline/diesel/oil will go up in price due to inflation (artificial or not).
We are seeing the reverse of that. I filled up at 3.26 a gallon yesterday…IN NEW YORK!
This is all based on my economics 101 knowledge, which I’ll admit was absorbed through osmosis most of the time. Seriously who schedules ECO101 at 8AM? Are they trying to keep this stuff a secret???
I DIGRESS!
But personally, I feel like if this weeds out the “get rich quick” scrappers, then I’m all right with that. Less competition and a good time to earn a solid reputation in town