Quote Originally Posted by greytruck View Post
June was when it was time to sell, Prices started to fall in july. My game plan is to flip the steel and alum ( they take up too much space ) and hold on the copper, brass and Ins. wire. Here is the current situation around my parts...

Shred steel was at 190/ ton in June and now at 165/ton

Copper1 was at $2.72, now 2.23. #2 was at 2.55, now at 2.03

Yellow Brass was 1.85, now 1.30. Brass breakage was .65 now .30

#2 ins wire was at $1.20 and now .93 (still not to bad)

Alum prices all dropped between .10-.05 a lb depending on catagory

Sealed units dropped from .12 down .08

Electric motors down from .13 to .10

Lead dropped .05 a lb



I love higher prices as much as everyone else, but now is when the competition drops and you get to make new contacts. Still not as bad as the last drop a few years ago.... Yet? ? ? ?
I tried to do some price calculation the Al for MT (1000kg)
1kg is 2.20462 lb
As per this info one lb Al price is .10
2.20462 x .10 = 0.220462 USD per KG
0.220462×1000 KG = 220.462 USD FOB Aprox
Am I nearing to the calculation or I got it all wrong?