Here it is…the end of the Summer of 2016. WOW how time flies. We can’t believe that this summer has come and gone so quickly and another year of scrapping is in the books. We have talked to many people over the last week about the markets, and where they believe that they will be headed going into the end of 2016 and that answer is mixed all over the place. So let’s talk about copper and some other metals and then go from there.
Non-Ferrous Scrap Price Spotlight
The copper markets are going all over the place right now with prices down the last two weeks after we saw a nice climb in the beginning of the month. We talked, read, and listened to multiple people who have their opinions on the markets…and this is what we came up with.
The overall outlook does not look to great for the rest of the year right now. With a larger surplus of copper in China and many warehouses across the US and Europe one has to assume that copper will most likely continue on a downward trend. We talked to many people who think that copper prices could reach $1.65-1.95 per lb by the end of the year.
Now for some good news…the Nickel market has been strong which means that stainless has had a nice climb over the last month or so. We have seen the Lead market take a bit of a hit with prices down We have seen the Lead market take a bit of a hit with prices down We have seen the lead market take a bit of a hit with prices down $0.02-0.05 per lb.02-0.05 per lb.02-0.05 per lb (which also affects the battery market).
Here are some prices reported over the last week:
- Texarkana, AR: #2 Tubing, $1.35 (8/31)
- St. Mary’s, PA: Aluminum Cans, $0.34 per lb. (8/30)
- Appleton, WI: Old Sheet Aluminum, $0.20 per lb. (8/30)
- Parkersburg, WV: Bare Bright Copper $1.83 per lb (8/29)
- Mandeville, LA: $0.35 per lb for aluminum cans (8./28)
- Lafayette, IN: .00 per lb for Yellow Brass (8/29)
- Warren, MI: $1.45 per lb for #2 Tubing (8/29)
Ferrous Scrap Price Spotlight
With the steel market up the last few weeks we saw a very small increase of maybe $5 per ton over the last week. Most yards might not even have that reflect on their pricing especially with Labor Day coming up. It still is nice to see an increase over the last few weeks…and more importantly that the increase held.
Here are some reported ferrous prices over the last week:
- Texarkana, AR: Complete Cars, $0.055 per lb (8/31)
- Waterloo, IA: per ton for Light Iron (8/30)
- Kingston, ON: per ton for Shreddable Steel (8/29)
- Lafayette, IN: $110 per ton for light iron (8.28.16)
We hope you are reporting your prices and making sure to check the local yards in your area before you just sell. With all of the hard work that you do make sure that you are researching what you do and how you do it.
Scrap ya later!
National Scrap Price Averages (as of 8/31/16):
- Bare Bright Copper: $1.65-$1.83
- Copper Pipe: $1.47-$1.72
- Clean Brass: $0.80-$1.10
- Insulated Copper: $0.45-$1.10
- Aluminum Sheet: $0.24-$0.34
- Stainless Steel: $0.21-$0.27
- Aluminum Cans: $0.22-$0.32 (Not CRV Pricing)
- Light Iron: $75-105 per ton