I got a call from China the other day. I'm not kidding either.

Litterally got a call from someone in china looking to by my "harness wire". He didnt mention much about price, but he said If I can fill one "Container" I could make a good profit.
Due to bad cell service, accents, and just disbelief that china is calling, I don't think this will have a magical ending. However, it shows you that China is looking to buy cheaper, at any expense.
If your profits start shrinking, its cause CHINA is trying to control the global economy. They are succeeding also.

See my next post for the upcoming bubble!

jerryliu <jerryliu>
May 23 (10 days ago)

to me
Dear Sir,

Nice to have talked with you over the phone.My name is Jerry,from China.My company name is xxx xxx xxxxx Metal Recycle Company,which is located in Foshan City,Guangdong Province P,R China.

With 10 years development,we have 4 yards,8shredders,which allow us to find enough shredded wire and harness wire in the market.So if you have the materials,i'm sure you can profit from them.Appreciate your early reply.

Best Regards
Jerry

honestly chinese aren"t stupid i get call like that alot usually from india about copper / gold etc they know yards and metal managemetn set the prices so if you have bulk they want to talk to YOU

Quote:

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Originally Posted by Libertytow

honestly chinese aren"t stupid

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Did I say they were stupid? On the contrary, Id say they have taken our spot as the puppet master and are in complete control over the global situation.

I know there are foreign agents here buying scrap from the smaller dealers. I'm assuming they're trying to cut out as many middlemen as possible. They'd pay you the same as you're used to getting thereby driving up their profits (lowering their costs). Same way with core buyers - they're buying direct from garages and repair centers. Within the last two years, I lost all but one repair shop to one core buyer from out-of-state.

Mick, I am currious what core company is stepping in on your turf?

Also, china is cutting out the middle man cause the middle man is probably holding till they raise prices. Its a waiting game to see who folds first.

A different post said, "empty ships going back to china, its happened before"

I think this is actually going on.

I just had an email wanting 10,000 or more lbs of plastic to go back to who knows where. Was definitely a Chinese name tho.

I'm kind of hesitant to name names, but for the batteries it was a larger parts supply company. They're supposed to be taking batteries in exchange when you buy a new one but they can turn them into the State for its core charge. I lost the brake hubs/alternators/starters to a company out of Mass.

That left me the body shop but it was 30+ miles one way and just not feasible. Finally had to let it go.

There are a lot more cores out there that do way better than alternators and starters.

soirry to hear that mick honestly if you can compete see what there prices are and go for it

Quote:

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Originally Posted by Libertytow

soirry to hear that mick honestly if you can compete see what there prices are and go for it

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I did and I can't. I'm refocusing to other areas - ewaste and sub to cleanouts.

And auctions.

good luck i think i have the best core buyer in the aREA WORKING WITH ME

I want to offer my services to anyone who thinks they can use help negotiating accounts, account retention, account creation, and general processes of how to quit curb shopping. Lets follow the volume.

I wonder if the guys calling are middle level users who are getting squeezed out of the supply chain in their native countries. Generally when things are going good few bother squeezing out the middlemen, when times get tight they start killing off competition.

china has been stockpiling copper for the last few years

QE3 - The Fed, Bernanke, and The Case for QE3

Quote:

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Originally Posted by Tcgs

Litterally got a call from someone in china looking to by my "harness wire". He didnt mention much about price, but he said If I can fill one "Container" I could make a good profit.
Due to bad cell service, accents, and just disbelief that china is calling, I don't think this will have a magical ending. However, it shows you that China is looking to buy cheaper, at any expense.
If your profits start shrinking, its cause CHINA is trying to control the global economy. They are succeeding also.

See my next post for the upcoming bubble!

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Take it from a guy who has spent the last 30 years in international trade and import. Unless you have the contacts overseas you are not going to have a legitimate deal from any foreign country. It takes years to develop those contacts.

I wonder how much scrap metals that China has piled up after all the years of them buying.

Was a thought that I have thought on a few times as you can make alot of tanks and such with so much metals.