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copper prices

Unknown
Unknown
in THE MAIN WALL
Somebodies making a killing while someone else are being ripoffed...

Comments

  • A.J.
    A.J. Member Posts: 257
    I wish

    I wish I had monies in the copper market. Have you checked your copper prices lately? Does anybody know that is going on?
  • S Ebels
    S Ebels Member Posts: 2,322
    Easy solution

    Switch to Pex or better yet PAP. We have bids out that were priced 2-3 months ago and I'm not concerned in the least. The only place we use copper anymore is right around the boiler. PAP goes everywhere else in the system. I went back over a couple of the older bids last week to see what the crazy prices were doing to our profit. Answer, not much. About $100 on one job and about $140 on the other one that I checked. The quickest way to reduce the price of any commodity is to reduce the demand for it.

    Today is a great day to make the switch to PEX or PAP.
  • Tony Conner_2
    Tony Conner_2 Member Posts: 443
    Copper's Dropping

    This is from today's Globe & Mail, published in Toronto.

    "TAVIA GRANT , Globe and Mail Update

    Commodity prices fell Monday, led by a sharp decline in copper, as investors judged this year's soaring price gains were too much, too fast.

    Copper fell the most since October, 2004, according to Bloomberg, after surging 93 per cent this year. Prices for zinc, gold and silver also suffered declines, a move that weighed on European mining shares and could pressure Canada's S&P/TSX composite index.

    "Metals have looked overextended for a while and were overdue a correction. This correction is healthy," London analyst James Moore at TheBullionDesk.com told the Associated Press.

    Crude oil, meantime, fell more than $2 (U.S.) a barrel after the International Energy Agency issued a lower demand-growth forecast.

    Copper for delivery in three months on the London Metal Exchange fell as much as 9 per cent to $7,700 a metric ton. Zinc lost as much as 12.3 per cent to $3,210 a ton. Gold futures tumbled $19.70 to $692.10 an ounce."

  • JimGPE_21
    JimGPE_21 Member Posts: 9
    PEX

    Not affected by oil prices?
  • Brad White_9
    Brad White_9 Member Posts: 2,440
    Shhhhhh.

    Now, Jim, you just HAD to go and say that.... :)
This discussion has been closed.

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