4/8/16 Scrap Price Update: Copper Drops, But Good Outlooks

April 2016 scrap copper pricesHey Scrappers!

We hope that over the last few weeks you have really gotten a chance to check out so many of the reported prices that other scrappers have been listing online as well as listing many yourself.

Recent Copper Scrap Prices

In the last week we have had some bad news in the copper markets with the prices dropping about $0.10 per lb. overall but still has been staying high and the outlooks are looking good. This is a funny time during the year where the markets are not quite sure what is going on and don’t forget that this being an election year throws a lot of kinks into the system.

Here are some prices we saw reported over the last week:

  • Rochester, NY- Electric Motors, $0.15 per lb (4/7/16)

  • Richmond, CA- Bare Bright, $1.66 per lb (4/7/16)

  • Wayne, MI- #2 Copper, $1.60 per lb (4/5/16)

  • Hungtington, WV- Brass, $1.11 per lb (4/4/16)

  • Slidell, LA- Dirty ACR- $0.65 per lb (4/2/16)

Ferrous Markets Are Strengthening

With so many of the copper, brass, and wire prices decreasing over the last week you are probably looking for some good news…well we have a little of that today. The ferrous markets are continuing to strengthen and we have seen steel and iron prices rise again over the last week. Some of the changes are due to scrap yards wanting to wait to see if the markets will continue to hold…and some scrap yards are trying to be super aggressive.

Here are some of the ferrous prices from 3/30/16 through 4/7/16:

  • Slidell, LA- Tin, $0.04 per lb (4/2/16)

  • Albuquerque, NM- Light Iron– $0.04 per lb (3/31/16)

  • Rochester, NY- Light Iron- $124 per ton (3/31/16)

  • Iowa City, IA- Complete Cars- $70 per ton (4/6/16)

  • La Crosse, WI- Scrap Iron, $80 per ton (4/5/16)

With so many prices being listed across the US & Canada we are happy to see how the scrap markets are picking up. If there is more information that you want to see please let us know…until next week, scrapppp ya later!

National Average Scrap Prices (As of 4/8/16)

  • Bare Bright Copper: $1.55-$1.80
  • Copper Pipe: $1.35-$1.70
  • Clean Brass: $0.85-$1.10
  • Insulated Copper: $0.40-$1.15
  • Aluminum Sheet: $0.22-$0.31
  • Stainless Steel: $0.20-$0.25
  • Aluminum Cans: $0.22-$0.32 (Not CRV Pricing)
  • Light Iron: $65-$95 per ton

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