Are Prices Heating Up This Summer? – 6/17/2020

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Greetings Scrap World!

Scrap prices are up. That’s exactly how we want to start every single weekly report but we can use it this week and we hope that you have been able to cash in on some of the increases. With the market climbing and showing stability over the last few weeks, we’re looking forward to more prices increasing throughout the summer.

We have seen the prices of copper remain very strong considering that so many other markets have been flip-flopping and jumping all over the place. With copper prices being in a strong position that means that we will see strong brass prices and copper wire, as well as multiple scrap yards, increasing their prices and we have seen that reflected week over week.

Quick Numbers

  • $0.04 – Copper up and down about 4 cents over the last week.
  • $0.21 – per gallon increase in gas over the last two weeks.

Social Scrap from Our Facebook Group

Seeing big loads or small loads of scrap is always interesting. The small ones show you the work and effort that it takes to get big loads put together and today’s spotlight is an example of that. iScrapper Mike C. posted a load of ACRs, sealed units, #2 copper, and other metals that he was going to sell after saving for over 15 months. Hard work pays off and so does big loads of scrap regardless of how long it took to get it put together. 

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Non-Ferrous Market News

Let’s get right into the meat and potatoes of what everyone is looking to learn about and that is how to make more money and where the copper prices are. We have seen many people posting through our social media networks and sending us messages about the prices that they are receiving for their scrap copper and other red or yellow metals. With the markets in a very strong position recently, even with the craziness going on inside of the stock market in the financial trading world; we have still been very optimistic about the markets moving forward. We have seen people cashing in stripped copper wire for over $2.20 per pound and it seems like more of those prices are increasing across the country.

Now comes the difficult part of having price increases continuing to rise as we wait for more market stability. Unfortunately, we have seen more outbreaks throughout the world which will have a slow down effect in the next few weeks on the different markets and further increases that we would like to see coming down the pipeline. As we watch these red and yellow metals continue to trade in different ways, it’s very interesting to see and gauge reactions from the scrap yards as the level of uncertainty continues to this day.

Reported Non-Ferrous Scrap Prices (6/10 – 6/16):

Location

Material

Price

Owensboro, KY Yellow Brass $1.28 / lb
Rockaway, NJ #1 Bare Bright Copper Wire $2.20 / lb
Georgetown, TX Aluminum Radiators $0.80 / lb
Tucson, AZ Aluminum Scrap $0.25 / lb
Rapid City, SD Aluminum Rims $0.29 / lb
Temple, PA Insulated Copper Wire $0.60 / lb
Atlanta, GA #3 Roofing Copper $1.89 / lb
Indianapolis, IN #1 Insulated Copper Wire $1.25 / lb
North Bend, OH Aluminum Cans $0.21 / lb
Denver, CO Hard Drives $0.30 / lb
Waterloo, NE Lead $0.45 / lb
Nisku, Alberta* Insulated Copper Wire $0.80 / lb
CHECK CURRENT PRICES

Ferrous Market News

With oil prices continuing to increase, we have seen the pricing on steel and iron increasing as well. The iron market has continued to have strong prices and we have seen an increasing trend that more scrap yards are becoming part of, over the last few weeks. 

Over the last few weeks, we have started to see more people selling their metal to scrap yards, as well as posting pictures of large piles that they have been saving and getting ready to finally move due to these increasing prices, over this time. These are very positive signs, as we hope to see more metal moving in the scrap yards, as well as scrappers staying busy.

Reported Ferrous Scrap Prices (6/10 – 6/16):

Location

Material

Price

Sparks, NV Light Iron $30 /ton
Kansas City, KS Scrap Iron $70 /ton
Belton, TX Scrap Iron $0.02 /lb
Orem, UT Light Iron $40 /ton
Louisville, KY Shreddable Steel $70 /ton
Easton, PA Light Iron $3.50 /CW
Anderson, SC Tin $0.02 /lb
Inver Grove Heights, MN Automobiles $45 /ton
Binghampton, NY Tin $130 /ton
Green Bay, WI Light Iron $0.04 /lb.
Hamilton, Ontario* Cast Iron $225 /ton
CHECK CURRENT PRICES

Other Metal Markets

There has not been much movement in many of the other metal markets, as we continue to look at these closely and try to get a better grasp of what’s going on in the other markets. Aluminum has been extremely slow to have any type of positive movement. We have been watching the aluminum markets for 18 to 20 months without much change other than a downward trend.

Catalytic Converter Market News

With all three basic metals decreasing over the last week we have seen the catalytic converter market having less and less wiggle room as the prices have changed so drastically. Our sister company, www.RRCats.com has been continuing to provide quick text message and email price quotes and we look forward to the opportunity to quote you and your material, as well.

One thing that we have started to notice is that with all of the COVID-19 changes that fewer people have been taking public transit and have been driving in their own cars or buying new cars to commute with. This will have an effect on the catalytic converter market in the upcoming months and you might begin to see more and more scrap car opportunities coming into the scrap world.

Scrap Catalytic Converter Prices This Week (6/10 – 6/16):

Cat Type/Serial Number

Price

EA6 $274
GD3 $390
JSH62 $212
12606389 $235
25130440 $155

Thank You.

Please share with us all of your stories, pictures, and other information or ideas that you have about Scrap and we will continue to provide you more recorded prices, as well as information on all the different markets every single week. Stay strong and safe and we will talk to you soon.

– Tom


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