This is sad to see copper going down like this ..
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This is sad to see copper going down like this ..
Metal Recycling Entrepreneur
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Well my last post in this thread was not long ago....
I asked about the 'Copper Domestic' price and they said NZ$4.75....
Just to give you a idea, 16 months ago it was NZ$6.50
4 months ago, NZ$5.50....
Now NZ4.75.....
That's a lot of cream off the cake.... 10 KGS equaled $65+. Now $47...... = $18 less in the pocket.
On the plus plus side... I found 3 computers, no hard drives, and two screen broken laptops. :-)
Last edited by eesakiwi; 02-18-2016 at 09:36 AM.
Metal Recycling Entrepreneur
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Just glad I was wrong about price plunging!! It's hanging in there, barely.
Experienced Scrapper
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It went up 15 cents to $2 per lb here in NJ this week
New Guy
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$1.68 in Grand Island Nebraska for #2 just went up .08 cents recently ,I believe #1 was $1.80
Metal Recycling Entrepreneur
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PM's through the roof today (this week). Hopefully they can stay strong. Oil low is bad, PM's high is bad, 401k low is bad? It's all a hot mess right now.
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clearly affected by election time instability imho. it seems theres a market burp and a commodity rise every time the republicans have a debate lol.
WI ITAD LLC, IT Liquidation Services, we remarket, buy and sell scrap electronics No customer too large or small!
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You may be right.Originally Posted by armygreywolf
The republicans see what their side has to offer and it scares them and they look at the other side and see what they're going to get and it scares them even more.
I am now running away from this thread as fast as I can.
Last edited by jimicrk; 03-04-2016 at 08:36 PM.
Metal Recycling Entrepreneur
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"Copper rose for a fifth session in New York, the longest winning streak since May, amid mounting speculation that China will unveil measures to buoy the economy of the world’s biggest buyer of industrial metals."
From this article: Copper Climbs in Longest Rally Since May on China Stimulus Bets - Bloomberg Business
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Looks like to me the Democratic Party has a unified front behind Hillary and Bill and the Republicans don't know what to do.........will probably be the demise of MR. TRUMP
BUYING ALL COMPUTER SCRAP WORKING OR NOT
CHECK OUT MY BUYERS THREAD http://www.scrapmetalforum.com/scrap...nic-scrap.html
https://getjunk.net/Knox-County-TN-0...Recycling.html
Metal Recycling Entrepreneur
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Good week to sell, unless your a gambler.. I hope prices have bottomed out, but I doubt it. Of course this crazy primary season and global woes are helping for sure. I also bought some silver and platinum and palladium a couple weeks ago; so far so good!
Metal Recycling Entrepreneur
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Not trying to get political (really don't give a rat's a$$) but what does Bill have to do with anything? Will he be her advisor?
METAL IS MY MISTRESS...PLEASE DON'T TELL MY WIFE!
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Do u not listen to your significant other when making decisions
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Hilldabeast thinks she will be POTUS and Bill will be First Lady... er First man... er First Ladies Man.... That's it.
Money is not the root of all evil, the love of money is.
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Hilldabeast thinks she will be POTUS and Bill will be First Lady... er First man... er First Ladies Man.... That's it.
Metal Recycling Entrepreneur
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Not so much about copper directly but here is a good article on China dragging us all down:
https://www.yahoo.com/finance/news/c...191110971.html
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China will not dump copper back the way they did steel, they look at copper more as currency then as a building material, they of course will return it in finished goods with big margin, China is Cu hungry and will stay that way though to some it will not look so, but that is a secret for the Scrap Room
V/r HT1
Metal Recycling Entrepreneur
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There's something I cannot figure out with Copper prices right now, here.
Domestic Copper is worth slightly more than #2 Copper wire.
Domestic has always been the bottom price for Copper and #2 about 50-70 cents more per Kg, now, from the price lists I see, its the other way around. Weird.
And why not just sell #2 as 'domestic Copper'? Strange.
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the Chinese use an environmentally unsound method to separate #2 ICW from the insulation, which nets then 2% more Cu from the same wire. Aslo they reuse the insulation to make flip flops rather then trash it
additionally the Chinese will pour nasty oily fouled wire, (grease wire) directly into the furnace and let it belch black smoke which cannot be done in any developed country.
in short the Chinese refuse to allow environmental concerns stop them from making money
V/r HT1
Metal Recycling Entrepreneur
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Oh, 'Domestic' here is just any Copper metal offcuts, peices, burnt wire and chunks from things.
#2 is Clean Copper wire with the varnish still on it.
Though I only figured out a few weeks ago that because of the Chinese shredding the plastic coated insulation off the insulated Copper wire, and then selling it on to shoe and belt manufacturer's to use as 'filling' along with cloth material lint and glue, in shoe 'leather' and 'leather like' belts.
That the difference between the price for 'insulated Copper wire' and the cost of stripping it myself was so low its not worth doing it myself.
(That's for the normal electrical 'power cables' insulated Copper wire and such that you get out the inside of appliances, multi stranded Copper wire).
I honestly think the Chinese wash that #2 Copper wire and then use a recycled solvent to strip the varnish off.
Then they evaporate the solvent back off and reclaim the varnish....
It looks just like the varnish that's put on the cheap Chinese (newspaper mache'?) photo frames... That yellow/dark brown/clear varnish.
Oh, our NZ Copper prices just dropped 3%.
They had been slowly getting back up over the last few months and dropped within the last few days again.
It could be our exchange rates that did it.
Last edited by eesakiwi; 04-08-2016 at 07:34 AM.
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