Copper prices - Page 5

Originally Posted by eesakiwi

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.

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

paper copper traders got spooked by that stupid article in yahoo finance, and dumped paper yesterday, fouled the market all up, copper will come around quickly and level out

V/r HT1

Originally Posted by nutpie

The good thing about the internet - you can research virtually anything. The bad thing about the internet - anybody can upload whatever nonsense they want which leaves us to decipher truth from fiction. This in not directed at HT1's post

Takes a lot to offend HT1

V/r HT1

copper prices have been in zombie-land this year, however they have not continued there free fall, so that is a great thing. Just called 3 yards

Yard 1:
BB 1.87, #2 1.66, #1 ins. 1.18, #2 ins. 0.74 #3 0.33
Yard 2:
BB 1.80, #2 1.50, #1 ins. 0.90, #2 ins. 0.55 #3 ins. ?
Yard 3:
BB 1.86, #2 ?, #1 ins. 1.10, #2 ins. 0.60, #3 ins. 0.20

I will update my graph soon. They changed fire-walls at work and I can't get onto photobucket or even see pics that are linked to that site.. bummers.

Originally Posted by jiffy117

copper prices have been in zombie-land this year, however they have not continued there free fall, so that is a great thing. Just called 3 yards

Yard 1:
BB 1.87, #2 1.66, #1 ins. 1.18, #2 ins. 0.74 #3 0.33
Yard 2:
BB 1.80, #2 1.50, #1 ins. 0.90, #2 ins. 0.55 #3 ins. ?
Yard 3:
BB 1.86, #2 ?, #1 ins. 1.10, #2 ins. 0.60, #3 ins. 0.20

I will update my graph soon. They changed fire-walls at work and I can't get onto photobucket or even see pics that are linked to that site.. bummers.

Got auto text from yard 1 about price increase. Called them this morning

BB 2.03, #2 1.69, #1 ins. 1.21, #2 ins. 0.77, #3 ins. 0.36

My procrastination actually paid off for once.. lol

At my yard the difference between #1 and #2 is usually .10. Those prices show atleast .20. My yard plays a little less for #1 1.80, but pays 1.70 for #2. Fine by me I mostly have #2

Decent price's you guy's are getting there. Comex hit $2.25 this mourning so we sold an other 45,000 lb. load of copper chop's. We haven't raised our copper price yet but might tomorrow depend's on comex tomorrow.

Copper finishes up 6c/lb today, it is at its highest price since October 2015! Can it keep chugging along, or just continue its slide? What are the odds we reached bottom?

50% odds.

Up good this week. Touched mid 2.40's so far today. I'll see what rest of week brings. I still haven't taken my load in yet, I'll gamble a bit and see where this goes.

The only issue is that buyers arent gonna move much on price because there isnt any end users yet to sell to get the new prices....whos gonna sit on it with the chance of it going back down?

That's a legit concern. I'm sure they will creep up as they feel comfortable it wont just crash again. Either way, better than when I almost sold when it was at $2. I think, at least my yard, they are good about tracking current pricing as they buy and sell very efficiently. What they buy today is on a rail car tomorrow. Up to $2.47 at the moment..

We had a big bump in copper today up here. Went up about $0.30 Cdn.

Didn't sell a load today as comex hit $2.48, might tomorrow as I have so much other non ferrous to sell, old sheet alum. alum brk. ubc's, amoung other scrap. sjones99 as for sitting on copper I have box's weighted an taged from early 2014, only sold copper to make room for more and sold very little. Last year the owner told my boss till copper hit's $2.20 a lb. DON'T sell much as I DON'T need the money. WHO the he** dosen't need a couple million dollars? The guy who signs my check.

Up 7.5c more tonight! I read this is the longest consecutive days of copper price increasing in 28 years. Wish I was sitting on a ton more.

Well, its already reflected in my main non-ferrous guy's prices. He updated his website yesterday and #2 Cu is up 7 cents a pound to $1.65 and brass about the same to $1.18. I took in some of both last week so that's a bit of bummer but I deal with such small amounts that the difference wouldn't even yielded me an extra 20 oz. pop so no big woop. I just wish the Al would go up as well...