metal prices/ selling metal on here

i was wandering when the metal prices were going to go back up to 2.00 for copper im waiting to take it in untill it hits 2.00 any thoughts? is it better to sell to someone on here oposed to taking it to a scrap yard or is it the same? ive always jsut went to a scrap yard but some of them can be shady. have any of you ever heard of a scrap yard negotiating prices like this ex brass i called for a price and he said 1.10 he said if you have 100lbs he would give me 1.20 is that shady or not? i havent went to this yard yet so i dont know how its going to go. i heard from yelp that they dont send a copy of the weight sheet is this normal? i also heard that they strip your insulated wires for free and give you bare copper price for it what are your thoughts about this? also do you think that the britain thing will make the prices go up?

When will Jesus come back? When will gas go to $4 per gallon? Who will be the president in 2020?

No one knows.

Copper is going to be difficult to sell to one of us due to logistical reasons. Maybe you are close to a member who might know of a place to sell.

I have heard of places stripping THICK copper wire (cable) for a small fee. But there was 1,000s of pounds of wire and the buyer needed volume.

Manufacturing is slowing down all over the world ... especially in China.

I'm watching the "ship price" for scrap, and it's not going up!

Heavy melt is wholesaling for $210 a ton right now ( -$18 in last month )
Cars are wholesaling for $166 a ton right now ( -$9 in last month )

trying to time a commodity market will either have you sitting on "money" for a long time or getting killed by it. Take it in when you get it, then use that money to make more money. By the time your copper hits $2/lb, I will have flipped that money many times, making far more money.

Present value of money is always higher than future value...because of opportunity costs.

sell more worry less make money and drink ice cold beer

http://i52.photobucket.com/albums/g6...untitled_4.png

Eenie meenie chili beanie the spirits are about to speak.

Sept 20th 2016 is the date.

For the brass... A $0.10 bump in price is a very good bump in price. I would take that all day long..

The difference in brass price you mentioned for two different amounts is pretty common, and not shady. Most places will give you a little bit better price if you bring quantity in. This can even include shred, but it would usually have to be quite a few tons.

Quote:

---

Originally Posted by wayne1956

The difference in brass price you mentioned for two different amounts is pretty common, and not shady. Most places will give you a little bit better price if you bring quantity in. This can even include shred, but it would usually have to be quite a few tons.

---

Volume pricing save the scrap yard labor and paperwork, they would prefer you come once a month with 300 Lbs rather then every day in a month with 10 Lbs.

V/r HT1

http://1.bp.blogspot.com/_yqwDV6PJbE...Large%2529.jpg

Sept 22nd 2016 is the date.

Quote:

---

Originally Posted by HT1

Volume pricing save the scrap yard labor and paperwork, they would prefer you come once a month with 300 Lbs rather then every day in a month with 10 Lbs.

V/r HT1

---

I agree with this for sure. But on occasion I bring in lower weights if items for different reasons. Sometimes I am closer to the scrap yard than my storage facility, sometimes I am just cleaning house.. But I would prefer to bring in more weight in one trip as it's more efficient. In business, efficiency is everything. (almost)

I took sedan car load of "tin" in about ten days ago, mostly towers and cvd drive cases and got 2.9 cents a pound.

I swung by my non-ferrous guy last week with some e-scrap #2 Cu and #2 insulated and got $1.58 and 48 cents a pound respectively.

Would I think to see those prices higher? Sure. Can I live with those prices as a hobbyist scrapper? Yes.

As some of the other guys have said, how much money in others things will you miss out waiting for the extra 40 cents a pound on your copper? I sat on my little bits of Cu I get for about 3 months back last fall when prices had dropped to $1.25 a pound for #2 around here. Once it got up to about $1.50, that's about as long as my hoarding lasted...

I apologize for the long response, but hopefully this will help other members.

You have received some great advice here, things I cannot disagree with. First each individual and business has unique situations and a one size fits all does not work. Example - turning your money to make more money works for most people, but not myself. I have the room to stock pile, the time to break things down, and reinvest my scrap money in more tools or toys. Therefore I use income averaging (advice given above) in the stock market, in scrap I am trying to time the market. As far as when the market will return, I am prepared to sit on non-ferrous for ten years, #1 steel for five years, #2 for five years, unprepared for two years and tin or shred goes in right away. This is based on twenty year cycles for oil which scrap has followed. If you cannot make this type of commitment, I would not try to time the market.

My timeline is prefaced by an additional factor. I have told my yard if they need to fulfill a contract and need help, I will negotiate a fair price. I am sitting on tons of steel and they know I can haul 30 + tons per week. That is my answer to your question about two different prices for the same item. I expect a better price because of the volume I can provide, the fact they can unload it directly from my trailer to a gondola with minimum investment, and my repeat business.

Your question about Britain leads to more questions. How will the presidential race, oil prices, Isis, terrorists, social security, stock market, etc. impact prices. As far as weight sheets, I will not deal with a yard that does not provide one before I leave the property. All of the yards I deal with not only provide a weight sheet, but also a check before I leave the property. The idea that a yard will strip wire for me for free is a new concept. Why would they invest the manpower to give me more money?

In summary, my advice would be to go to the yard and visit with them. The smartest thing I did was go to different yards and asked questions of the manager, foreman of the nonferrous warehouse, and the foreman of the steel yard. If you play stupid they will be more than willing to share their expertise. Then I asked for business prices. This built strong relationships that created situations where a load of tin/shred was called to the office as #2 prepared and when I went to the office the manager provided $ 5.00 per ton more than my business price. If you approach it as a metal broker instead of a scrapper you will see a different attitude from the yards. Remember scrap yards cannot survive without the scrapper and scrappers cannot survive without the yard. Good luck.

Patriot76 I would love to see your stash of metals! How often are you taking in your sheet iron (shred)? And I love this "Remember scrap yards cannot survive without the scrapper and scrappers cannot survive without the yard."

Quote:

---

Originally Posted by Patriot76

I apologize for the long response, but hopefully this will help other members.

You have received some great advice here, things I cannot disagree with. First each individual and business has unique situations and a one size fits all does not work. Example - turning your money to make more money works for most people, but not myself. I have the room to stock pile, the time to break things down, and reinvest my scrap money in more tools or toys. Therefore I use income averaging (advice given above) in the stock market, in scrap I am trying to time the market. As far as when the market will return, I am prepared to sit on non-ferrous for ten years, #1 steel for five years, #2 for five years, unprepared for two years and tin or shred goes in right away. This is based on twenty year cycles for oil which scrap has followed. If you cannot make this type of commitment, I would not try to time the market.

My timeline is prefaced by an additional factor. I have told my yard if they need to fulfill a contract and need help, I will negotiate a fair price. I am sitting on tons of steel and they know I can haul 30 + tons per week. That is my answer to your question about two different prices for the same item. I expect a better price because of the volume I can provide, the fact they can unload it directly from my trailer to a gondola with minimum investment, and my repeat business.

Your question about Britain leads to more questions. How will the presidential race, oil prices, Isis, terrorists, social security, stock market, etc. impact prices. As far as weight sheets, I will not deal with a yard that does not provide one before I leave the property. All of the yards I deal with not only provide a weight sheet, but also a check before I leave the property. The idea that a yard will strip wire for me for free is a new concept. Why would they invest the manpower to give me more money?

In summary, my advice would be to go to the yard and visit with them. The smartest thing I did was go to different yards and asked questions of the manager, foreman of the nonferrous warehouse, and the foreman of the steel yard. If you play stupid they will be more than willing to share their expertise. Then I asked for business prices. This built strong relationships that created situations where a load of tin/shred was called to the office as #2 prepared and when I went to the office the manager provided $ 5.00 per ton more than my business price. If you approach it as a metal broker instead of a scrapper you will see a different attitude from the yards. Remember scrap yards cannot survive without the scrapper and scrappers cannot survive without the yard. Good luck.

---

well that is helpfull thanks alot.

Took a load to the yard today- Sheet Steel down to $105/ton from $115 about a week ago.

Have you thought about auctioning your copper on Ebay? I have seen good sales on there for good size quantities which sold for above scrap value.

$2.10/lb for bare bright at rockaway recycling in jersey....its nice when a yard updates their prices regularly on a website.

Quote:

---

Originally Posted by andyheim

$2.10/lb for bare bright at rockaway recycling in jersey....its nice when a yard updates their prices regularly on a website.

---

But the prices for other metals are stupid low lol

Didnt say I use them...