12/14/17 Scrap Price Report: Copper Prices Recovering

Hey iScrappers!

With snow sweeping many parts of the country in the colder regions we know that that makes it a little harder to get that scrap out that has been buried….so send us pictures of you doing it!

With the copper prices recovering since we spoke last Thursday and with the steel prices going up as well, we are happy to see some of these changes happening over the last week and especially going into the holiday season.

With the holidays here and the markets up, we hope to continue to see a rise in the posted prices that we have already had over the last week. It has been a great site to see and we hope that it continues to increase moving forward.



Non-Ferrous Scrap Markets

After copper took such a downturn the beginning of December, in the last few days we have really seen a nice recovery overall for the market. The one item that continues to be a hard sell has been the insulated copper wire markets.

Many still being that the market is going to remain slow for the remainder of this year and into next year we are going to have to be in a wait and see mode. The overseas import markets have been really tough and because of that, we have seen a real stop in the overall exporting markets.

Many say that the Chinese, along with other countries, have a quota on the amount of low-grade plastic material that they can take in and because the copper prices have jumped so much this year that that quota may have already been reached.

Reported Non-Ferrous Prices (12/6 – 12/12):

  • Edwardsville, IL:  Motherboards, $1.70/lb.
  • Rockaway, NJ:  #1 Bare Bright Copper Wire, $2.65/lb.
  • Rosedale, MD:  Brass, $1.05/lb.
  • Freehold, NJ:  #1 Bare Bright Copper Wire, $2.45/lb.
  • Huntsville, AL:  #2 Copper Tubing, $2.35/lb.
  • Hempstead, NY:  Aluminum Siding, $0.40/lb.
  • San Antonio, TX:  Insulated Copper Wire, $0.50/lb.
  • Gonzales, LA:  Stainless Steel, $0.40/lb.
  • Jackson, TN:  Computer Wire, $0.20/lb.
  • Pennsauken, NJ:  Aluminum Copper Radiators, $1.17/lb.
  • Santa Fe, TX:  Computer Wire, $0.31/lb.
  • Waldorf, MD:  Brass Shells, $1.25/lb.



Ferrous Scrap Markets

The steel markets have continued to strengthen and the rises that we have seen have been very positive and have been a strong growth level. With the reported prices that we have seen growing at a very level and positive pace, we are excited to see what these markets will do going into 2018.

Reported Ferrous Prices (12/6 – 12/12):

  • Rochester, NY:  Cast Iron, $230.00/ton
  • Alamo, TX:  Shreddable Steel, $120.00/ton
  • Rochester, NY:  #1 HMS, $190.00/ton
  • San Antonio, TX:  Light Iron, $100.00/ton
  • Yakima, WA:  Light Iron, $85.00/ton
  • Kileen, TX:  Shreddable Steel, $95.00/ton
  • Rochester, NY:  Tin, $176.00/ton
  • Okeechobee, FL:  #1 Steel, $100.00/ton



Other Metal Market Updates

Gold has taken a hit and we have seen prices dip below $1250 per ounce and because of that we have seen the overall electronics market in even more of a slide that it already was. With the plastics being such a concern for exporting we have seen that continue to weaken the e-scrap markets and that drop does not seem to be letting down anytime soon.

The aluminum markets, which were such a positive the first few months of this year, have become a bit of a burden on the overall economy with the markets really weakening overall and we have seen the prices drop on the whole markets, about 2-3 cents per lb.

Scrappppp ya later!

-Tom


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