As most of us know the dominant volume of our scrapping and income received from scrapping comes from shred (not including e-scrap). I did some searching on the internet and could not find any definitive forecast for 2015 for shred prices. Prices at my yard are down to $115 from a high of $220 a few months ago. It seems the main driver for the fall in prices is the fall in oil (and subsequently fuel) prices. Saudi Arabia is the main instigator of the fall in fuel prices, as they did not want to lose their market share, especially to the US. It seems Saudi Arabia cannot continue this forever, as it would seem to hurt their income (and economy). Has anyone seen anything that has any forecast in 2015 for shred prices?
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