Originally Posted by
numbers
This thread really helps put a few things into perspective. It lets me know that the larger buyers don't have a large profit margin. I can also see that if a buyer has a lot of pounds going to a refiner, they may (or should) also have the additional cost of hedging the price in the futures market. For now, I think I will stay right where I am at sending pallets and fed-x boxes to various buyers. Thanks to Ewasted and BumpRacerX for sharing this information.
There really isn't a huge margin at all. I was like everyone else, thinking that the big players were making some serious bank, but it's totally a volume game. I have tons of respect for Mario (Ewasted) for doing what he does. It takes some serous cajones to play the game at the level he's at volume wise, and he's really on top of it.
Bookmarks