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Well over the past 2-3 weeks i've seen the yards unloading their shred. Everybody said this was a sign that prices are about to drop. However, prices have gone up.
Last week: $222.00 per ton
This week: $242.00 per ton
SIMS Metal Management-SALT LAKE CITY, UTAH
Yes things have been on the up and up. It will probally level off at those prices for a while.
prices normally fall off at the end of the year and pick up after the first of the year.
Talked with a buyer today who expected around 300/ton in Ohio this month, but he expected a slight summer dip.
Passed a yard this morning that was advertising 270/ton..up $10 this week.
$300 a ton would be bad! Way too many people here out scrapping at $200!
Our NZ copper value (1Kg) has gone up from NZ$7.20 to NZ$7.40 and then to NZ$7.60 in the last week.