Ready To SELL Your Brass? Because You Should Be. – 12/1/21

HOLD OR SELL NON-FERROUS
HOLD OR SELL FERROUS

Prices are up for 2021.

That might not be groundbreaking news, but it is the focus that we’re looking at as we enter the month of December. As we just heard from people inside of the government that the inflationary period that we’ve been talking about for months is going to be here to stay, which is also going to affect all scrap prices moving forward.

These higher scrap prices look like they will be here to stay, even if only by default, because of the amount of money pumped into the world economy. But it seems like the commodities prices are outpacing inflationary costs, which could and should be good for you going into 2022. 

Non-Ferrous Prices & Market Status

  • Copper – SELL

  • Aluminum – HOLD

  • Brass – SELL

  • Copper Wire – SELL

  • Stainless Steel – HOLD

The markets have continued to stay steady even with significant drops in the stock market that we saw on Black Friday, and yesterday we still have seen strong markets overall; when you visit market corrections for whatever the cause, we’d like to pay attention to how it correlates with copper prices. The copper prices, especially going into 2020, look to be one of the more stable bats moving forward regarding different commodities. The amount that’s going to be needed he’s going to outpace years in the past, and that’s a positive sign.
 
Going into the holidays, you might start to see the markets resending and pulling back a little bit and walk Christmas is a few weeks away; it would not be a bad thing to unload your material earlier in the month while the export market is still moving at a regular pace.

Non-Ferrous Price Chart of the Week

 

Ferrous Prices & Market Status

  • #1 Steel – SELL

  • Shreddable Steel –SELL

  • Light Iron – SELL

  • Cast Iron – SELL

  • Complete Car – SELL

A lot of people have asked us about how the infrastructure bill will affect the steel prices, and we’re more concerned about oil, like we say over and over again. With oil prices looking to remain high for the foreseeable future, we expect to see these markets for iron and other steel continuing to expand. We believe that we saw the floor of the markets 2 to 3 months ago, and we could see more stabilization if not more upwards growth in the coming months.  

Ferrous Price Chart of the Week

Other Metal Markets

Stainless steel prices have pulled back slightly as nickel markets have adjusted. Overall they are solid, but we still have seen slight pullbacks. We continue to see the auto battery sector in a weak position, with prices continuing to move the opposite way from what we would like. Moving forward, we expect to see lead-acid battery prices continuing to the weekend, but the possibility of the stainless steel market looks to be on the upward side.

Catalytic Converter Prices & Market Status

  • Catalytic Converters – HOLD

With a considerable fear-based off of the market, we didn’t see precious metal prices decreasing over the last few days for the catalytic converter markets. This is also due to end-of-the-year problems in the supply chains and the beginning of a pullback going into the holiday season. We do expect the catalytic converter Markets to show substantial increases in January if you’re looking to hold on.

Thank you.

We hope that you have had a very successful 2021, both through Scrap and health. Going into 2022, we will continue to talk about the market and would love to hear more about what you want us to talk about.

– Tom

 


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