copper price!!!

[snake35]

I am going to sit on all my copper, aluminum and brass. I do not need the cash now and I think its headed way up before the end of 2009.

 

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[Rumblebelly]

here we never saw $3.00 for copper.

like elsewhere non-ferrous is down big time. It should act like steel did, hit bottom and bounce back a little bit.

steel was as low as $15.00 per ton and is now $80.00 per ton ... less than 2 months change.

Non-ferrous may take longer, probably won't be back to last summers prices for a long time, but should get to half way up. When is anyones guess. I service the steel industry and everyone has an idea/opinion, but it ranges from 3 months to 16 months for the steel to bounce back. Nobody really knows. The only advice I may have is ask questions at the yards, people in the industries, and when it bounces back enough to your liking sell.

Me, I'm holding all non-ferrous except the green circuit boards, that price is holding ok at .03 cents a pound. I just need to get more creative in stock piling the stuff, it's getting tight in the garage. I'd hate to sell it now and lose the value of the metal for a short term game.

let's hope for a good summer, happy hunting
Rumblebelly

 

[jhoff310]

still sittin on it, more coming everyday. My 10X12 shed is full of nothing but copper and brass. I got a bunch of those heavy duty totes filled em up and stacked them floor to ceiling. I have read more and more into this "recession" and I dont see prices going back up above $2.00 until middle of 2010. My garage is full of alum and stainless. The only thing I have going for me is my dads barn is empty 24X60 he said if worse comes to worse I can start storing my stuff there.


Hoff out

 

[rmptr]

I sure don't know how to figure this stuff...

But Rumble says steel was $15 and now $80...

...that means construction dropped out for the big part, right?
follow me here...
So they shut down the mines,
AND, too expensive to ship steel to us from overseas..
so they are paying dearly for the last of our steel scrap to make rebar for the bridge and fwy construction projects that are already underway.

I heard something about a stop work order on fwy construction here in Kalifornia 'til they sort out the budget.

...Well that's good news that you have access to a large barn, Hoff.
Glad to hear it!

rmptr

 

[jhoff310]

We hit $30 a ton here back in Nov. stayed at $30 for 2 weeks went up to $60 for a week or two, then up to $80 for 3 weeks or a month and we are now at $105. I took in 2360 founds of crap for $124


Hoff out

 

[TexasDeere]

I was happy to see the price of scrap iron went up last week down here in Houston. It is paying $.0475 a pound.

Copper prices are unchanged though. If it takes till 2010 until prices go back up, I am going to have quite a stack of copper (coils, gutters, piping, etc.).

 

[silversaddle1]

I agree, stockpile it if you can. But you are going to have to hold on for the long ride. Problem is that everyone is "holding on" to their copper, brass, etc. So when the market takes it's first good jump, everyone is going to dump their stash and the price will again fall down. It will take years for the metal markets to regain what they have lost in the last 4 months. Sit tight, sell what you have to, but keep the real good stuff. Every time I think the market has come back and I sold, it just kept going higher.So I am sitting on everything except shreadables. My railroad rail pile is getting out of control. Good thing we have 10 acres here!

 

[mlayers]

I just call our scrap yard Friday and got the price on cans .35 lb. Son't know if I should sell or wait...Matt

 

[sniffer]

In Wichita, I take mine to Kamen on 21st st N

 

[DemonWolfe]

Here in Russell Kansas things arn't getting any better either. Aluminum cans did go back up a little, from 15 cents to 25 cents, but hell I was getting more than that for them 10 years ago. Brass and coppe still about the same, around 35 cents for brass and maybe 45 50 cents for copper. I have'nt even called the scrap yard here in months, they shut down for a couple months cause prices were so low.

 

[allen]

not sure about the copper,
but batteries here are going
for about $3.00 also...