Results 1 to 13 of 13

Copper prices significantly down

| Scrap Metal Prices
  1. #1
    andyheim started this thread.
    andyheim's Avatar
    SMF Badges of Honor


    Member since
    Feb 2015
    Location
    North Jersey
    Posts
    123
    Thanks
    88
    Thanked 96 Times in 51 Posts

    Copper prices significantly down

    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?


  2. #2
    auminer's Avatar
    SMF Badges of Honor



    Member since
    Nov 2012
    Location
    Allen, TX
    Posts
    1,233
    Thanks
    579
    Thanked 2,301 Times in 857 Posts
    Out of clutter, find simplicity. --Albert Einstein

  3. The Following 3 Users say Thank You for This Post by auminer:


  4. #3
    HipoGear's Avatar
    SMF Badges of Honor


    Member since
    May 2015
    Location
    Rochester, NY
    Posts
    734
    Thanks
    2,048
    Thanked 945 Times in 409 Posts
    Wow, logically that makes no sense. Could it somehow be related to the tariffs?
    Copper, brass, and Leather. 3 of my favorite things.

  5. #4
    msmoorad's Avatar
    SMF Badges of Honor


    Member since
    Apr 2013
    Location
    Durban, South Africa
    Posts
    689
    Thanks
    713
    Thanked 746 Times in 356 Posts
    most stuff is up here by me..copper, brass, steel & subgrade/shred are at the highest ive ever seen them.

  6. The Following 2 Users say Thank You for This Post by msmoorad:


  7. #5
    Sirscrapalot's Avatar
    SMF Badges of Honor


    Member since
    Mar 2012
    Location
    A sandbar off the atlantic..OBX,NC
    Posts
    6,123
    Thanks
    11,885
    Thanked 8,783 Times in 3,854 Posts
    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

  8. The Following User Says Thank You to Sirscrapalot for This Post:


  9. #6
    SMF Badges of Honor

    Member since
    Oct 2013
    Location
    Missouri
    Posts
    99
    Thanks
    18
    Thanked 82 Times in 45 Posts
    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 .

  10. The Following 2 Users say Thank You for This Post by missouri:


  11. #7
    SMF Badges of Honor

    Member since
    May 2017
    Location
    Kansas
    Posts
    10
    Thanks
    6
    Thanked 16 Times in 7 Posts
    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.

  12. The Following User Says Thank You to Maverickhawk for This Post:


  13. #8
    jimicrk's Avatar
    SMF Badges of Honor


    Member since
    Sep 2013
    Location
    Tennessee
    Posts
    2,825
    Thanks
    2,917
    Thanked 4,838 Times in 1,877 Posts
    I haven't seen a price change yet.

  14. #9
    armygreywolf's Avatar
    SMF Badges of Honor



    Member since
    Dec 2013
    Location
    Germantown, WI
    Posts
    1,084
    Thanks
    193
    Thanked 2,065 Times in 650 Posts
    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.
    WI ITAD LLC, IT Liquidation Services, we remarket, buy and sell scrap electronics No customer too large or small!

  15. #10
    SKWrapper's Avatar
    SMF Badges of Honor

    Member since
    Apr 2018
    Location
    Denver, CO
    Posts
    377
    Thanks
    578
    Thanked 404 Times in 203 Posts
    #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.


  16. The Following User Says Thank You to SKWrapper for This Post:


  17. #11
    andyheim started this thread.
    andyheim's Avatar
    SMF Badges of Honor


    Member since
    Feb 2015
    Location
    North Jersey
    Posts
    123
    Thanks
    88
    Thanked 96 Times in 51 Posts
    #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?

  18. The Following User Says Thank You to andyheim for This Post:


  19. #12
    greytruck's Avatar
    SMF Badges of Honor



    Member since
    Jan 2012
    Location
    Thornton, Illinois
    Posts
    1,873
    Thanks
    1,638
    Thanked 1,733 Times in 893 Posts
    Quote Originally Posted by andyheim View Post
    #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....

  20. The Following 3 Users say Thank You for This Post by greytruck:


  21. #13
    SMF Badges of Honor

    Member since
    Aug 2019
    Posts
    16
    Thanks
    1
    Thanked 4 Times in 3 Posts
    China stopped buying simple now after making them rich our market is shot, good job people!


  22. Similar threads on the Scrap Metal Forum

    1. Copper prices
      By jiffy117 in forum A Day in the Life of a Scrapper
      Replies: 103
      Last Post: 11-11-2016, 02:16 PM
    2. Copper prices going up!
      By asandahl in forum Scrap Metal Prices
      Replies: 16
      Last Post: 11-26-2013, 12:49 PM
    3. copper prices
      By stangcrazy in forum Scrap Metal Prices
      Replies: 4
      Last Post: 06-02-2011, 09:18 PM
    4. How you know copper prices are way up
      By ComputerScrapper in forum Scrap Metal Prices
      Replies: 5
      Last Post: 05-25-2011, 10:01 AM

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook