6/13/18 Scrap Price Report: Copper Rides The Roller Coaster

Scrappers!!!

Hope all is well and you have enjoyed these prices jumps and have seen them come into fruition at your yards. Make sure you continue to share and post your prices and check out our Facebook group that we continue to delete all people trying to solicit and are only focusing on Scrappers talking scrap. 

The last week has certainly been a crazy week. From the meeting that President Trump had in North Korea, to copper prices, we have seen another roller coaster. More talks and articles continue to talk about batteries like lithium ions and that continues to be one of the most talked about items that we get. It is so complex that we have heard stories about battery buyers charging $0.50-$5.00 per lb to recycle many types of new age batteries. 

Non-Ferrous Scrap Markets

Copper has enjoyed a great run the last week but pulled back a bit the last few days. With the strikes going on in Chile and many economic factors in China still being sorted out we continue to expect a large up and down markets (maybe for the rest of the year). These crazy upswings will be followed by downswings and if you keep posting the prices that you have received that will only help you remember the trends. 

Aluminum and stainless have seen more of a resurgence with prices both up over the last 5 weeks. We have seen people reporting Stainless (303/304 series) around $0.40-$0.45/ lb and that has been great to see. 

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

Location

Material

Price

St. Cloud, MN Aluminum Rims $0.60/lb.
Rockaway, NJ #1 Bare Bright Copper Wire $2.91/lb.
Bakersfield, CA #1 Copper Tubing $1.00/lb.
Carter Lake, IA 304 Stainless Steel $0.46/lb.
Altoona, PA Aluminum Scrap $0.45/lb.
St. Joseph, MO Insulated Copper Cable $2.00/lb.
Dayton, OH Electric Motors $0.13/lb.
Kennewick, WA Stainless Steel $0.25/lb.
Portland, OR Brass Scrap $0.65/lb.
Punta Gorda, FL Insulated Copper Wire $0.70/lb.
Pennsauken, NJ Aluminum Siding $0.50/lb.
Finksburg, MD Computer Wire $0.35/lb.
Russellville, AK Lead $1.00/lb.

Ferrous Scrap Markets 

Steel has steadied over the last week, but the primary question we have received is still on the tariffs. The tariffs that have been imposed on almost all countries looking to import steel and aluminum has begun and most of those countries continue to resist by enforcing their own tariffs on the US.

Suggested Reading: [UPDATED] What Are Metal Tariffs & How Will They Affect Scrap?

The US steel producers have seen incredible returns in the stock markets over the last year and overall we have seen large increases in steel and iron prices over that time, but 2018 has been a bit of a pullback in Ferrous pricing and the talks of tariffs have been a primary reason. 

Until many of these trade disputes get settled we don’t expect to see an acceleration in the steel markets, in fact, the longer that they go on we could see the adverse reactions and a drop in pricing. 

Reported Ferrous Prices (6/6 – 6/12):

Location

Material

Price

Warner Robbins, GA #1 Steel $0.03/lb.
College Park, MD Shreddable Steel $120.00/ton
Hanover, PA Cast Iron $0.065/lb.
Colchester, IL Light Iron $160.00/ton
Little Rock, AK Shreddable Steel $120.00/ton
Dayton, OH Scrap Iron $140.00/ton
Waycross, GA Light Iron $140.00/ton
Montreal North, Quebec* Light Iron $260.00/ton 

Other Scrap Markets

Gold has been strange lately with the markets mostly untouched over that time. We have seen gold hover around $1300 per ounce and many traders have not been focusing on it due to the rapid growth in the stock markets. 

Let us know what you want to hear about and we will go over next week! 

Scrap ya later!

-Tom


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