wayne1956 
Price of oil (and subsequently price of fuel) is down, factor 1 to help knock down the price of shred. China's economy is tanking, they are not importing nearly as much scrap metal, factor 2 to help knock down the price of shred. Our own economy is slow, plus the world economy has slowed down, demand for scrap has slowed, factor 3 to help knock down the price of shred. I went in to take a flatbed of shred hoping to get the $70 a ton it was at a couple of weeks ago. Go in to get paid and find it has gone up to $85 a ton. Mind you, I am definitely not complaining, just trying to figure out why with fuel so low and demand down why in the period of 6 weeks shred has gone from $40 a ton to $85 a ton. Any back chair economists out there with any ideas.
HT1 - since you are very knowledgeable about the business side of a scrap yard, do you have any idea what some of the forces are that are affecting the rise in prices with the drop in demand?
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