Copper Prices!!!!!

Discussion in 'Plumbing Forum, Professional & DIY Advice' started by FaucetTrev, Mar 5, 2008.

  1. FaucetTrev

    FaucetTrev New Member

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    Feb 19, 2008
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    Plumbing Sales
    Location:
    Rockford IL
    Hey guys I am in the scrap business as well as plumbing and recieved some numbers this week for copper and brass. I am getting $3.93 for number 1 copper and $2.40 for brass this is per pound. Over the past 2 weeks this stuff has went crazy and im just letting you know to stock up on fittings etc because it will be affecting self prices quickly. I have talked with purchasing agents for copper they told me today that copper could hit the 6-8 dollar range per pound this is nuts.


    Trevor
     
  2. Cass

    Cass Plumber

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    Nov 12, 2005
    Location:
    Ohio
    Thanks for the info.
     
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  4. MG

    MG New Member

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    Illinois - Near St. Louis
    I read an article a month or two ago about an older neighborhood in the Cleveland area where foreclosures are rampant...after the house is vacated thieves are going in and pretty much destroying the house to get all the copper out of them.
     
  5. Nate R

    Nate R New Member

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    I perform R&D testiing at small engine manuf.
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    Milwaukee, WI
    That's common in a LOT of places. Some bad areas will have scrap guys pulling aluminum siding off of vacant houses as well! :eek:
     
  6. Lakee911

    Lakee911 I&C Engineer (mostly WWTP)

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    Columbus, OH
    It's not only common in vacant houses, but in occupied too. You find someone has broken in not only to steal your TV and your stereo, but your piping and electrical wire as well!
     
  7. MG

    MG New Member

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    Illinois - Near St. Louis
    I wonder how much I could get for the aluminum siding on my house...probably not enough to redo it with hardiplank.
     
  8. Lakee911

    Lakee911 I&C Engineer (mostly WWTP)

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    I&C Engineer (mostly WWTP)
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    Columbus, OH
  9. Nate R

    Nate R New Member

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    Jan 11, 2007
    Occupation:
    I perform R&D testiing at small engine manuf.
    Location:
    Milwaukee, WI
    With the markets the way they are, tons of $ is being dumped into commodities, driving up prices. It certainly doesn't help copper or oil prices. The dollar is so weak, oil looks worse than it probably is. If my thinking is right, oil in 2002 dollars would be about $65/barrel right now. But the dollar has fallen so much, it's way up there!
     
  10. srdenny

    srdenny Plumbing Contractor

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    Plumbing Contractor
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    SF Peninsula
    Copper closed @ $3.98/lb on the Comex today. Copper tube and fittings price sheets have both jumped twice in the last 2 weeks. I placed a stocking order right before the first jump, thanks to a heads up from one of my suppliers.
     
  11. Redwood

    Redwood Master Plumber

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    Dec 15, 2007
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    Service Plumber
    Location:
    Connecticut
    I did a repipe recently where the thieves left the new computer and tv but stole all the copper pipes.
     
  12. FaucetTrev

    FaucetTrev New Member

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    Feb 19, 2008
    Occupation:
    Plumbing Sales
    Location:
    Rockford IL
    Yea it is getting pretty bad out there! people stealing aluminum siding off houses where i live, as well as taking copper out of houses in fact a few months back some city officials in my area got caught taking cash from people that they were letting into condemned houses to take copper etc. I mean the scrap prices are nice to go in and get a few bucks but it is short term gain for long term pain as China has 87% of the worlds metals etc and when we need stuff over here we pay big.



    Trevor
     
  13. Master Plumber Mark

    Master Plumber Mark Master Plumber

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    Sensitivity trainer...to be caring and loving to a
    Location:
    indianapolis indiana - land of the free, home of
    Did not realize they had gone back up

    It makes me wonder what is going to happen
    when China finally getss done with its building
    frenzey.......


    if they are willing to buy up anything that they can for
    whatever price they can get their hands on it for....

    what does the future hold????

    they claim that China is building a city the size of
    San Franscisco every two weeks......


    when that bubble bursts , or they run out of room
    look out.....


    anyway, I got about 1000 lbs in 5 gal buckets to take in

    and maybe another 1500 in brass....
     
  14. srdenny

    srdenny Plumbing Contractor

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    Mark
    Reread Nate's comments. It's not China that's driving this bubble, it's capital fishing for higher returns than it can presently expect from the equity markets.
     
  15. Fubar411

    Fubar411 New Member

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    Location:
    St Louis, MO
    There was an article in yesterdays wall st journal about a company that was trying to manufacture shoes in the USA. They tried competing in sneakers and were just buried by labor costs. They then decided to specialize in fine men's shoes, but the infastructure to make shoes doesn't exist here anymore. They couldn't get the right kinds of foam, or custom eyelet holes or anything without having everything shipped from China and in huge quantities.

    If we can't make shoes anymore, our country is in trouble.
     
  16. Nate R

    Nate R New Member

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    Milwaukee, WI
    Our capital dumping isn't the only thing. When China's done, India will pick up some of the slack. They're also coming up in a big way fast. Plenty of Africa that is yet to be developed. Peak oil will really throw a wrench in the spokes of the world economy for a little while.
     
  17. mikept

    mikept DIY Senior Member

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    Location:
    CT
    New balance makes sneakers and Allen-Edmonds makes very fine mens shoes in the us. What company was in the wsj article?
     
  18. Master Plumber Mark

    Master Plumber Mark Master Plumber

    Joined:
    Feb 6, 2005
    Occupation:
    Sensitivity trainer...to be caring and loving to a
    Location:
    indianapolis indiana - land of the free, home of
    its been comming since nafta

    Its all been comming since NAFTA was signed into law back in 95......

    Ross Perot said that their would be a "giant sucking sound "

    that we would hear when all our jobs would be sucked down to Mexico and china...

    leaving us with nothing but our shorts to hold onto


    We did not want those blue collar jobs back then becasue
    no one here was willing to work for 15 bucks an hour...

    back in 99 I could not get anyone to work for me
    for less than 23 per hour, a truck to dirve home
    and a good benefit package....
    plus a paid 2 week vacation ---thats just starting out ..

    AND THEY ACTED LIKE THEY
    WERE DOING ME A FAVOR JUST SHOWING UP..


    now I got a 26 year old .....2 year apprentice that
    called me on the phone this week wanting to come to work
    for me at 12 per hour...



    I suppose that their is a silver lineing to everything ....


    Now why not ....lets elect hillary and bill again...
    they promise that we will all get free health benefits....

    or maybe obama will give us all welfare checks
    re-distribute the wealth
    and put everyone up for free in all the foreclosed homes....


    enough ranting and raveing for now...

    i am loading up my copper today...
     
    Last edited: Mar 7, 2008
  19. Dunbar Plumbing

    Dunbar Plumbing Master Plumber

    Joined:
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    Service Plumber, Outdoor Temperature Relief Owner
    Location:
    Northern Kentucky/Greater Cincinnati Area
    My religion prevents me from discussing politics in plumbing forums. :D



    I'm holding on my scrap to sell high! Sell high!
     
  20. Master Plumber Mark

    Master Plumber Mark Master Plumber

    Joined:
    Feb 6, 2005
    Occupation:
    Sensitivity trainer...to be caring and loving to a
    Location:
    indianapolis indiana - land of the free, home of
    Rugged...copper prices are good..

    I think it is pretty high right now......

    I just got a quote for plumbers copper 3.40
    for the dirty stuff

    got a quote for dirty brass at 2.00

    I got about 800 lbs of copper
    and about 1500 lbs of brass


    they did tell me that it might be at a higher price on Tuesday

    but I am a little worried that some dirt bag might just clean me out if I dont get rid of it soon,...or some
    past employee might get it in his head to break in


    the neighborhood that my office is in is pretty rough,
    and the junk people almost fight over the water heaters I leave in the alley every day....

    they usually only last about 2 minutes. on the ground.

    and when we have a delivery of any form they drive by
    and watch us unload like vultures...


    so I think its best at least for me to take the money and run........
     
  21. Rancher

    Rancher Guest

    What determines the different grades of copper, I have wire that I have melted the insulation off of, is it considered dirty, or should I have left the insulation on it?

    Rancher
     
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