Aluminum Sees Higher Demand – 9/16/2020

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Hey Scrappers!

With so much going on at one time, from the beginning of football to the Presidential Election it sure seems like a long time ago since everyone was sitting around wondering when things were going to start to pick up. At the same time, everyone was wondering when we were going to see the copper prices increasing and the answer was over the last two months and the prices have jumped about $0.30-$0.40. That’s incredibly great news and we are very optimistic going into the end of the year especially with positive economic data coming out and further consumer confidence in the markets and people going back to work.

All of these things will be able to contribute to the market continuing to have an increase, as well as having more and more people able to cash in their scrap and having the manufacturing industry continue to produce more metal. We always like to hear stories from different people and we would love to be able to hear what your story has been over the last six months when it comes to scrap metal and how you see the market going.

Quick Numbers

  • $0 – No movement in copper scrap prices week over week – No movement in copper scrap prices week over week – No movement in copper scrap prices week over week.
  • $20 per ton – News out on the East Coast for multiple yards having larger jumps.
  • $1.97 per gallon – Many parts of the nation are experiencing gas prices below $2.00 per gallon.

Social Scrap from Our Facebook Group

This week we heard from iScrapper Tyler R. who proudly showed how he is growing his business. No one ever said that it was easy- but people have learned how to make money, constantly hustle, and be able to grow one step at a time. Patience is a virtue and it looks like Tyler figured that out. Scrap on Tyler – scrap on.

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Non-Ferrous Market News

Aluminum Sees Higher Demand

Let’s lead off with the headliner that we have not normally talked about, and that is the aluminum market. We have finally started hearing increasing demand for aluminum as different tariffs and consumer needs have changed over the last few months. With these changes, we have been happy to be able to see prices increasing for all grades of different aluminum products from sheet to 6063. With this increased market demand we have seen the prices rising over the last few weeks and we’re very interested to see how things are going to shake out with aluminum moving forward.

Copper has remained relatively calm over the last week which is not a bad problem, as we continue to wait for more news to come out that will affect the markets. With news from China that we have increased demand, we are able to see more stories coming out as long as more market increases that will hopefully continue the upward trend of the overall market.

We have also seen an increase in the stainless market which should show higher prices for 304- and 316-stainless, as well as multiple other items such as nickel.

Reported Non-Ferrous Scrap Prices (9/9 – 9/15):

Location

Material

Price

St. Louis, MO Lead Batteries $0.18 / lb
Rockaway, NJ #1 Bare Bright Copper Wire $2.62 / lb
Chattanooga, TN Aluminum Cans $0.34 / lb
Oklahoma City, OK Insulated Copper Wire $0.75 / lb
South Beloit, IL Aluminum Rims $0.33 / lb
Marshall, MN #2 Copper Tubing $2.40 / lb
Harrisburg, PA ACR $1.05 / lb
Greenbay, WI Stainless Steel $0.41 / lb
Greenville, TX Electric Motors (Copper) $0.10 / lb
Dothan, AL Zinc $0.05 / lb
La Crosse, WI Aluminum Breakage $0.03 / lb
South Amboy, NJ Brass $1.20 / lb
CHECK CURRENT PRICES

Ferrous Market News

While we have not seen a large increase overall, we have seen an increase of another $5 per ton for different iron and steel grades over the last week. There has been news report out of the East Coast of different processors paying upwards of $20 per ton more than they were in August, but there’s also news reports saying that some of these larger processors are really looking for more material into their facilities to be able to fill existing orders that they have not been able to get otherwise.

Reported Ferrous Scrap Prices (9/9 – 9/15):

Location

Material

Price

Augusta, GA Shreddable Steel $0.038 /lb.
Bristol, NH InComplete Car $100 /ton
Santa Ana, CA #1 HMS $130 /ton
Holdingford, MN Shreddable Steel $50 /ton
Loves Park, IL #1 Prepared $155 /ton
Bradford, PA Unprepared HMS $160 /ton
Shelbyville, KY Rotors $115 /ton
Warren, OH Shreddable Steel $120 /ton
Everett, MA Light Iron $100 /ton
Richmond, IN Complete Car $65 /ton
Waterford, MI Light Iron $50 /ton
CHECK CURRENT PRICES

Other Metal Markets

Mentioned earlier and this was the news that most markets have been increasing for aluminum and other metals such as stainless and that is a positive sign. With hurricanes and storms hitting much of the southwest United States region, that will have a heavy effect on some gasoline prices. But with the prices decreasing overall at the pump, we are happy to see people paying less money for gas as the United States has become an exporter and has helped save people money by doing so.

Catalytic Converter Market News

BROUGHT TO YOU BY:

With positive increases in the catalytic converter market over the last week, we have seen all three metals increasing which has been a very positive and very welcome sign. With these price increases we have been able to see more market demand and we have seen higher prices coming from the team over RRCats.com for many people that have sent cats in to be quoted. If you are looking to learn about different prices on catalytic converters, please don’t think twice about emailing or texting the team so we can get you prices and you can make more money with your cats.

Scrap Catalytic Converter Prices This Week (9/9 – 9/15):

Cat Type/Serial Number

Price

EA6 $357/@
GD3 $567 /@
JSH62 $289 / @
12606389 $320 /@
25130440 $220/ @
Small Foreign $102/ @
Regular Domestic $200/ @

Thank You.

We appreciate the continued effort and questions that many of you have had about the scrap prices along with the stories that you have given us. We love hearing them and we look forward to answering questions during our weekly report as well as any other time through our social media channels.

– Tom


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