copper dropping in your area ? - Page 2

To answer the original question, #1, down from $3.30 on Tuesday, to $3.00 today.

(And I'm glad I was following the Forum. We dug up about 15 pounds of old water service line last week, and that's what I took in on Tuesday. Dug up another 22 pounds Thursday, and today was the earliest I could get to the yard. I figured it would be bad business to wait til next week.)

I was expecting NZ$7.50 Kg (for 6Kg of copper) & ended up with NZ$6.80 for 5 Kg.......

Went from NZ$46+ to NZ$35.00 rounded up.

That took one night ripping looms(4hrs), two long walks there & back (2hrs), another night of 4hrs stripping & burning looms.
Two bus trips to the scrappers, a big drop in prices & also loosing 1Kg due to dodgy scales & really really long walk back home from the scrappers (2 hrs).
15 hrs + work + sleep & food$

For US$ 29.00...............

I won't be going back there, even considering I used to use them all of the time as my preferencial scrapper.

Too many times I have been shorted by a Kg or more on small (about 10Kg) deals.

Down from $3.30 lb #1 to $2.54 lb by me this week

Originally Posted by newattitude

Down from $3.30 lb #1 to $2.54 lb by me this week

In the past 6 weeks or so it has gone from $3.65/# to as low as $2.65/#. I use different yards for different materials and check with them all to see who's paying what when. Plan on taking a load of red and yellow brass on Friday to a new yard. They seem to be paying better than anyone else right now.

$2.20 to $2.50 here for #2 stripped and the $2.50 place was dropping prices today. Also, I just saw on the yahoo news yesterday that copper dropped 8%. Just on Wednesday...

Copper futures looking better this morning:

Commodities Futures

* Energy
* Metals
* Grains
* Livestock
* Softs
* Indices

Symbol Name Last Trade Change Related InfoHGV11.CMX Copper Oct 11 $3.30 6:11AM EDT Up 0.06 (1.73%) Futures Chain

Last load I sold on 9/30 the following prices in my area were/are:

#1: $2.45
Red Brass: $2.45
Yellow Brass: $2.00

That's a good price for brass, I only got that at its peak here.

Coppers holding its price here at the moment.
Our NZ$ is shifting against the US$ & as the Copper price shifts around, the currency rates have out canceled it out.

Still NZ$6.70 Kg #2 Cu.

Just got todays prices a few minutes ago. #1 copper = $2.50 #2 copper = $ 2.40 Think I'll just sit on mine for a while longer.

Hold your copper / Brass / Gold

All will increase with the holidays.

Shopping = toys, lights, gold items, brass nick nacks. All will put stress on the market. Im banking on a 20% increase in copper / brass and gold back to 1800/1900 by jan 1 2012

if only. I think it depends on a lot of things. dont know if I would make that bold of a prediction. with current cercomstances. the Christmas seasion may help a little if it is higher then last year, if it is lower it could hurt and big. however scrap prices dont realyt rely in christmass as much as world economy and building which is always down in winter. also if people dont buy durable goods, ( appliances and cars) it could be a long winter and a long 2012, 13, 14, and 15. It is predicted by the whole salers food will go up 20 t0 50% due to world floods and drout, that will hurt disposable incomes.

if the chinese and Indian economys brop, so will scrap. if it stays the same , yes they will buy cars, but most of both countrys have no electrical grid like we do so they dont buy appliances, only build them and sell them to us. and we aint buyin.

I called the yard today. 2.60 for number 1 and 2.40 for number 2

then I asked about insulated wire and she said 80 cents and 40 cents.

Originally Posted by parrothead

I called the yard today. 2.60 for number 1 and 2.40 for number 2

then I asked about insulated wire and she said 80 cents and 40 cents.

#2 ins wire by me is now down to .85 lb. The high this year was $1.20

#2 copper is at $2.50 with the high of $3.30

My yard pays one price on insulated. Right now it's 0.70 p/lb. Must be at least 50% copper.

Must be nice to have that much cash laying around not doing anything. I can find a use for it if you like.