Just looked at copper prices for first time in a couple weeks at my yard and #1 is down $0.30 to $2.05 a pound. Any insights into the sudden large drop?
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Just looked at copper prices for first time in a couple weeks at my yard and #1 is down $0.30 to $2.05 a pound. Any insights into the sudden large drop?
Wow, logically that makes no sense. Could it somehow be related to the tariffs?
most stuff is up here by me..copper, brass, steel & subgrade/shred are at the highest ive ever seen them.
To be fair though...your quite the distance from those of us in the States. ;)
Let's all ship our copper to MSMoorad.
:)
You know I jest.
Sirscrapalot - Toes in the water ass in the sand. - Zac Brown Band
China has quit taken a lot or the low grade copper item . Which in turn has left a lot of copper needing a new home. Companies see this as an opportunity to pick up copper at lower prices. Then with tariffs . People are nervous . One company I deal with sold aluminum 2 weeks ago . Tried to sale some this week got a price of 30 cents per pound less . It is aluminum out of a car shredder .
Understandably sucks for selling. I see the demand going up in the future. May take months to a year but once things settle down in trade economics things will get better. I'm spending all my play money on copper and silver.
I haven't seen a price change yet.
You will. I have to adjust my prices soon, I didn't want to but a 40 cent drop since I posted them last is pretty crazy.
#2 was up to $2.09 by me now it's down to $1.96. The druggie yard was only paying $1.65 for #2 when everyone else was $2.09, but I have never taken and never will take any copper or brass there.
#1 up a quarter since last month to $2.35, first large rise since I started tracking prices in October last year. Encouraging, hopefully it keeps going. Those of you who track prices year round, does it usually rise in the spring?
Copper knows no seasons. Get it in when the gettins good....Quote:
Originally Posted by andyheim
China stopped buying simple now after making them rich our market is shot, good job people!